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Micron Unveils World’s First 1.5TB microSD Card and Automotive Functional Safety-Certified Memory to Fuel Data at Intelligent Edge

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NUREMBERG, Germany, June 21, 2022 (GLOBE NEWSWIRE) — Embedded World – Micron Technology, Inc. (Nasdaq: MU), today announced expansions to its embedded product portfolio and ecosystem partnerships to deliver powerful solutions optimized for complex memory and storage demands at the intelligent edge. The company is sampling to customers the world’s highest-capacity microSD card, the i400, at an unprecedented density of 1.5 terabytes (TB). This card is designed for industrial-grade video security with the world’s first 176-layer 3D NAND, also pioneered by Micron. To better provide its high-performance, ruggedized solutions to the industrial market, Micron is also adding partners to its Industrial Quotient (IQ) partner program. Additionally, the company is announcing it has received the first International Organization of Standardization (ISO) 26262 Automotive Safety Integrity Level (ASIL) D certification of memory for its low-power double data rate 5 (LPDDR5) DRAM, which is based on its first-to-market 1α (1-alpha) process node. With next-generation advanced driver-assistance systems (ADAS) applications requiring increasing levels of autonomy and safety, this certification validates that Micron’s LPDDR5 meets strict functional safety standards and positions it to enable innovations that will unleash full autonomy in intelligent vehicles.

As 5G, artificial intelligence (AI) and the internet of things (IoT) converge at the edge, the world is experiencing an explosion of devices across autonomous vehicles, video security, smart factories, energy infrastructure, robotics, industrial transport, health care and more. ABI Research estimates 25 billion connected IoT devices by 2026,1 each generating enormous amounts of mission-critical data. This data increasingly needs to be stored, managed and analyzed at the edge — where it is created — for actionable real-time insights. Facilitating these tasks requires industrial-grade memory and storage capable of processing massive data sets in harsh conditions, from high temperatures to shock and vibrations.

“With edge devices generating critical insights for everything from public safety to vehicle autonomy to manufacturing operations, today’s smart applications cannot afford to compromise on latency or quality,” said Kris Baxter, corporate vice president and general manager of Micron’s Embedded Business Unit. “Micron’s newest high-performance, ruggedized solutions — our i400 microSD card for video security and automotive ASIL-D-qualified LPDDR5 — will unlock new value for businesses and drive the rapid innovation needed at the intelligent edge.”

These solutions generate more value for enterprises at the intelligent edge with proprietary features purpose-built for industrial applications. Unlike consumer-grade memory and storage that can malfunction in industrial environments and result in critical data loss or disrupted operations, Micron’s i400 and automotive LPDDR5 are uniquely tailored to offer the longevity and reliability needed to speed innovation and extract greater business value at the edge.

World’s first 1.5TB microSD delivers industrial storage for AI-enhanced video security
With rising demand for real-time video security, the internet protocol video security and video security-as-a-service (VSaaS) market is estimated to be worth $83 billion by 2030.2 Fleet dash cameras, smart home security, police body cameras and AI-enabled cameras in factories all need storage capable of handling media-rich data. As the world’s highest-capacity microSD card, Micron’s i400 is ideally suited for video storage at the edge and hybrid VSaaS deployments.

The substantial 1.5TB density can store up to four months or 120 days of video security media locally, enabling users to optimize what data is stored in the cloud. The high capacity eliminates the need to continuously upload data to the cloud for primary storage, a process that guzzles network bandwidth and operational expenses.3 Small businesses looking to reduce expensive bandwidth or remote sites — such as cargo ships or oil rigs with limited connectivity — can instead periodically upload data to the cloud for backup while relying day to day on i400 storage at the edge. Bringing primary storage to the edge enables real-time AI analytics and faster decision-making within smart cameras. This speed is especially crucial for critical law enforcement, public health or safety decisions.

Unlike most cards on the market that are consumer-grade and have limited write capability, the i400 is designed for the video security environment with features such as:

  • Five years of high-quality continuous 24×7 recording
  • Ability to concurrently handle 4K video recording and up to eight AI events per second, such as object detection and classification like license plate or facial recognition
  • Two million hours for mean time to failure

Micron is sampling the i400 to customers, including Verkada, a cloud-managed enterprise building-security provider. Verkada protects over 12,000 organizations, including 43 of the Fortune 500, with its intelligent cameras and recently donated cameras to Asian American-owned businesses seeking enhanced safety to address the spike in anti-Asian hate crimes, which have risen by 339% in the U.S. last year.

“Micron’s industrial-grade storage is key to helping us protect our customers and communities, from schools to large enterprises, by meeting the most demanding of video retention and security requirements,” said Raj Misra, vice president of hardware engineering at Verkada. “The latest i400 solution will provide further peace of mind by enabling greater video storage at the edge and faster in-camera AI analytics — important in crises where response time is paramount.”

Micron achieves world’s first LPDDR5 ISO 26262 ASIL-D certification
ADAS-enabled vehicles now run over 100 million lines of code and require hundreds of tera operations per second, rivaling data center compute. Gartner® projects the worldwide factory-fitted automotive memory market will grow to nearly $15 billion in 2026, quadrupling from $3.3 billion last year.4 At the same time, automakers must comply with strict functional safety standards for electronic systems. Trusted, high-performance memory is imperative for reliably powering safety-critical applications such as adaptive cruise control, lane departure warning and blind-spot detection. It is also key to unlocking ADAS technologies such as autonomous valet parking and ridesharing, 4D digital imaging radar, and hands-free experiences that will pave the way for full Level 5 autonomy.

Filling these needs, Micron’s automotive LPDDR5 memory is now certified by exida, a renowned expert in automotive safety, for the most stringent safety integrity level, ASIL D, under ISO 26262. LPDDR5’s high performance, power efficiency and low latency also provide the headroom to keep pace with rising bandwidth requirements of next-generation automotive systems. Now in mass production in 48- and 96-gigabit densities, Micron’s LPDDR5 offers:

  • Proprietary on-chip safety features, including capabilities to detect and alert the system of systematic and random hardware faults so the vehicle can intelligently react and respond
  • Up to 50% increase in data access speeds, enabling near-instantaneous decision-making from intelligent vehicles’ multiple sensors and inputs, such as radar, lidar, hi-resolution imaging, 5G networking and optical image recognition5
  • Over 30% improvement in power efficiency, minimizing power consumption for electric and conventional vehicles and resulting in greener, longer-range transportation with lower emissions6

While the ISO 26262 standard does not explicitly require memory to be ASIL-compliant today, Micron has gone the extra mile to achieve this industry-first certification and architect its proprietary on-chip safety features, recognizing how critical memory is to safety applications. These one-of-a-kind capabilities significantly reduce the burden for automakers by minimizing their need to build in additional mechanisms to mitigate risk, thereby simplifying system design and accelerating time to market. Beyond the product certification of LPDDR5 for ASIL D, exida has also certified Micron’s process capability to develop any synchronous DRAM product according to ISO 26262 requirements. This capability equips the company to release additional solutions in its portfolio of automotive solutions based on ISO 26262 soon.

These certifications follow Micron’s 2021 milestone of sampling the industry’s first LPDDR5 hardware-evaluated to meet ASIL-D suitability requirements and of establishing an office of functional safety. The office is dedicated to collaborating with customers on the memory requirements of designing safe automotive systems through Micron labs in Munich, Detroit, Shanghai, Tokyo and beyond.

Micron’s Industrial Quotient partner program gains traction with new additions
Complementing these developments, Micron is adding embedded and edge computing module providers congatec and PHYTEC to its IQ partner program. The IQ program fosters close collaboration with ecosystem partners to produce solutions that are tightly aligned to the industrial market’s demanding requirements for quality, longevity, ruggedization and reliability. These characteristics are vital for industrial implementations, such as factories, that need equipment to run smoothly for decades.

Congatec and PHYTEC design and manufacture computer-on-modules and system-on-modules, respectively, used in medical technology, industrial automation, renewable energy, aerospace, transportation and other industries. The addition of these two companies, both based in Germany, make Micron’s trusted memory and storage solutions more broadly accessible to the industrial market and better serve the burgeoning European Industry 4.0 market.

These product portfolio and partner updates strengthen Micron’s leadership in intelligent edge markets, with the company uniquely positioned in both the automotive7 and industrial8 segments as the memory market share leader.

Resources

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2022 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

1 ABI Research, IoT Market Tracker – Worldwide, 2Q 2022
2 Allied Market Research, IP Video Surveillance and VSaaS Market By Product Type (Hardware, Software, Cloud Based Solutions, and Services) and Application (Banking & Financial Sector, Retail, Government & Higher Security, Manufacturing & Corporate, Residential, Entertainment, Healthcare, and Others) — Global Opportunity Analysis and Industry Forecast, 2021-2030
3 Assumes a bit rate of 1 megabit per second
4 Gartner, Semiconductor and Electronics Forecast Database, Worldwide, 1Q22 Update
5 Compares Micron’s LPDDR5 with random fault coverage to like devices without safety features
6 Compares Micron’s LPDDR5 with random fault coverage to like devices without safety features
7 Automotive market share calculated by revenue; Gartner, Market Share: Semiconductors by End Market, Worldwide, 2021
Industrial market share calculated by revenue; OMDIA, Industrial Semiconductor Market Tracker — 4Q21 Analysis


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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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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]

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