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BrainBox AI Announces Global Distribution Agreement with ABB

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MONTREAL, Jan. 31, 2022 (GLOBE NEWSWIRE) — BrainBox AI, a pioneer in predictive and self-adaptive commercial building technology, is pleased to announce its global distribution agreement with ABB. ABB will offer BrainBox AI’s technology services with a co-branded customer user interface (UI).

This step confirms the next phase of the key relationship following the October 28, 2021, Series A funding announcement, wherein ABB participated as lead investor.

This agreement demonstrates ABB’s clear recognition of the significant capabilities that BrainBox AI’s technology offers and the synchrony with its goals to make buildings smarter, safer, and secure while improving energy efficiency and reducing carbon emissions.

The continuation of this strategic engagement allows the ABB Building and Home Automation Systems unit to supplement its existing portfolio of digital offerings with BrainBox AI’s solution. With BrainBox AI’s technology as the driving force, buildings can benefit from up to a 20-40% decrease in their carbon footprint as well as a reduction in heating, ventilation, and air conditioning (HVAC) energy costs of up to 25%. In addition, BrainBox AI’s deep learning software increases occupant comfort and extends the life of HVAC equipment without upfront capital expenditure.

“All business leaders need up-to-date, real-time information in order to make intelligent decisions. Property management is no different,” explains Thorsten Mueller, Head of Global Product Group Building and Home Automation Solutions, ABB Smart Buildings. “Operational data helps businesses to highlight areas for improvement, optimize operations, find efficiencies and drive cost-savings. Data intelligence helps to create buildings that learn by processing the vast amounts of data that integrated buildings systems create, AI algorithms in smart buildings can make autonomous decisions around HVAC systems and lighting that benefit the owner, employees and the environment.”  

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BrainBox AI offers artificial intelligence (AI) to combat climate change by making commercial buildings smarter and more efficient. Its flagship product is currently installed in over 100 000 000 sq. ft. of real estate across 18 countries. Through seamless communication with building management systems (BMS), the technology optimizes HVAC systems in real-time, permitting the existing infrastructure to become predictive and self-adaptive, while significantly reducing energy consumption and emissions.

“This announcement is a natural step forward in our relationship with ABB, further demonstrating their commitment to bringing automation and AI to the market. This distribution agreement paves the way for deeper collaboration, including integration and joint product development.” Frank Sullivan, Chief Commercial Officer, BrainBox AI.

AHR Expo 2022; January 31 – February 2

Representatives from both BrainBox AI and ABB are currently on site at the AHR Expo in Las Vegas, Nevada. Conference attendees with inquiries concerning this news release are encouraged to visit the BrainBox AI booth, C1788, or the ABB Building Solutions Booth C1559, at the Las Vegas Convention Center.

About BrainBox AI

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BrainBox AI was created in 2017 with the goal of redefining building automation through artificial intelligence to be at the forefront of a green building revolution. Headquartered in Montreal, a global AI hub, BrainBox AI has a workforce of over 100 employees and supports real estate clients in numerous sectors, including office buildings, airports, hotels, multi-residential, long-term care facilities, grocery stores and commercial retail.

BrainBox AI works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal’s École de technologie supérieure (ETS) and McGill University.

Learn more about BrainBox AI.

About ABB
(ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation, and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years. ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com.

For media inquiries:

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For BrainBox AI
Liz Culley-Sullo
Director, Public Relations
[email protected]

For ABB
Media Relations
Phone: +41 43 317 71 11
[email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Mainland China-Hong Kong ETF Connect Marks Two Years of Strengthened Market Integration, Expansion Expected to Boost Investment Options and Liquidity

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GUANGZHOU, China, July 8, 2024 /PRNewswire/ — On July 4th, the ETF Connect Program, which facilitated two way capital flows between mainland China and Hong Kong for eligible ETFs, celebrated its two-year anniversary. Over the past two years, the program strengthened its position in deepening the integration of the two capital markets, the number of eligible ETFs increasing from 87 to 151 since launch and the monthly Northbound trading volume rising from US$55 million to US$2.98 billion in June this year.

According to Hong Kong Stock Exchange, the current eligible ETFs consist of 84 listed on Shanghai Stock Exchange, 57 listed on Shenzhen Stock Exchange, and 10 listed on Hong Kong Stock Exchange. Among them, E Fund Management (“E Fund”), the largest fund manager in China, has a total of 14 ETFs included, covering a variety of indexes, including broad-based indexes such as CSI 300 Index and STAR 50 Index, thematic index such as CSI Artificial Intelligence Index, and strategic index such as CSI Dividend Index. Additionally, the average management fee of these offerings was less than 0.3% per annum, underscoring E Fund’s dedication to empower foreign investors to diversify their assets across both Hong Kong and mainland China markets in an efficient and cost-effective manner.
The scope of the program is expected to see significant expansion on July 22nd. It is believed that this expansion will serve offshore investors seeking exposure to A-share capital market with enhanced investment choices, and increase liquidity and trading activity of relevant ETFs in the same time.
About E FundEstablished in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading comprehensive fund manager in China with close to RMB 3.3 trillion (US$ 454 billion) under management. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund’s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.
Note: As at Jun 30, 2024. AuM includes subsidiaries. Source: PBoC, Wind.
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Artificial Intelligence

Revolutionizing EV Charging: Emobi and Autocrypt Unveil First US-based Plug & Charge Ecosystem Powered with AI

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SAN FRANCISCO, July 8, 2024 /PRNewswire/ — Emobi and Autocrypt today announced the first US-based Plug & Charge ecosystem, set to revolutionize electric vehicle (EV) charging with artificial intelligence (AI).

In June 2023, Autocrypt, a global leader in automotive cybersecurity, partnered with Emobi, a US-based e-mobility hub, to develop a secure communication framework for EVs and charging stations based on ISO 15118-2 and ISO 15118-20 standards. The collaboration has focused on building a robust Public Key Infrastructure (PKI) utilizing fine-tuned AI and machine learning models to address errors and data inconsistencies prevalent in traditional Plug & Charge systems.
The Plug & Charge ecosystem enables EV drivers to start charging at any station simply by plugging in their vehicle. Through asymmetric encryption technology, the chargers automatically identify the EV and securely process the payment of the EV charging session. Unlike other Plug & Charge services, this is the first Plug & Charge ecosystem headquartered in the United States, ensuring data security and compliance with the US government. Additionally, it features an intelligent error-handling system that addresses edge cases in ISO 15118 standards, setting a new benchmark for the industry.
Throughout this collaboration, Emobi has worked closely with the U.S. Department of Energy (DOE) Argonne National Laboratory to ensure that findings from this ecosystem contribute to the National Charging Experience (ChargeX) Consortium, funded by the Joint Office of Energy and Transportation of the United States.
“Security in EV charging infrastructure enhances openness while providing better control,” said Sean HJ Cho, President of Autocrypt North America. “By combining our PKI technology with Emobi’s expertise in AI and machine learning, we are bringing a secure yet innovative Plug & Charge solution to market, creating an unrestricted charging environment that ensures convenience, precision, and security throughout the entire charging and payment processes.”
Lin Sun Fa, CEO of Emobi, added, “The focus is to enable EV automakers, charger operators, and e-mobility service providers to continue building their products without being hindered by edge cases and constantly evolving standards. We are leveraging AI and Autocrypt’s PKI technology within the existing ISO 15118 standards, ensuring ease of implementation while improving charging infrastructure quality and security.”
About Autocrypt Co., Ltd.
AUTOCRYPT is the industry leader in automotive cybersecurity and connected mobility technologies. The company specializes in the development and integration of security software and solutions for in-vehicle systems, V2X communications, Plug&Charge, and mobility platforms, paving the way towards a secure and reliable C-ITS ecosystem in the age of software-defined vehicles. AUTOCRYPT also provides consulting and testing services along with custom solutions for UN R155/156 and ISO/SAE 21434 compliance.
About Emobi
EMOBI is the EV charging ecosystem that powers hundreds of e-mobility businesses with AI. The ecosystem offers instantaneous access to a vast network of EV charging networks and e-mobility partners, while ensuring superior data quality through its refinement models. With over 120,000 connected charging ports in the United States and Canada, Emobi has established itself as the largest roaming hub in North America powered with AI. In addition, Emobi has garnered trust in the e-mobility market, advising leading EV manufacturers, e-mobility enterprises, startups, utilities, and esteemed U.S. Government Agencies like the Department of Energy (DoE) and the Department of Transportation (DoT).

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Outfit7 Brings Iconic “La Bamba” song to My Talking Hank: Islands

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Get Ready to island hop with “La Bamba” in the new trailer for My Talking Hank: Islands!
LIMASSOL, Cyprus, July 8, 2024 /PRNewswire/ — Outfit7 has secured the license to use the iconic song “La Bamba” for promotion of their game, My Talking Hank: Islands. Featured in the brand new trailer that debuted last week, the song adds a feel-good vibe to the latest major release from Talking Tom & Friends.

 
 
This winning combo expresses just how much Outfit7 loves mixing pop culture with fun gameplay to make things more exciting for players. “‘La Bamba’ isn’t just a catchy tune; it sets the whole mood!” said Helder Lopes, VP of Creative Functions and R&D at Outfit7. “It really taps into the adventurous, explorative spirit of My Talking Hank: Islands.”
My Talking Hank: Islands launches players into a colorful island world filled with secrets, treasures, and friendly animals eager to befriend you. It’s not just a game; it’s an invitation to discover an island filled with excitement and mystery. The trailer featuring “La Bamba” is available on various digital platforms, including YouTube, the game’s official website, and Outfit7’s social media channels. For the first month after release, players can also watch the trailer through the in-game cinema feature, which can be found in Hank’s Tree House!
Get ready to set sail with “La Bamba” as your soundtrack! Dive into the fun today and check out the brand-new trailer on YouTube, on the game’s official website, and Outfit7’s social media channels.
For more details and to view the trailer, please visit HERE. To download the game, click HERE.
ABOUT OUTFIT7: Outfit7 Limited is a dynamic force in mobile gaming, reaching a global audience of billions with its award-winning games. Powered by creativity and industry-leading expertise, the company’s talented international team of over 400 people pushes the boundaries of the possible every day. Outfit7’s 20+ games have now been downloaded worldwide over 23 billion times and up to 470 million fans play with them every month. Its portfolio also includes numerous chart-topping animated series, theme parks, and a licensing program. You can find more information at www.outfit7.com.
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