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The Global Floor Cleaning Equipment Market to grow at a CAGR of 9.02% to be valued at USD 19.93 Billion by 2027: Bonafide Research

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Clifton, New Jersey, May 17, 2023 (GLOBE NEWSWIRE) — Floor cleaning technology has seen some important advancements in the last few years, adding fun to the 10-minute parade around the living room. Eruptions of technological innovations have turned the floor-cleaning equipment industry on its head, but the battle to dominate dust and debris continues. Also, with the increasing focus on cleanliness and hygiene, particularly in sectors such as healthcare, food processing, and hospitality, there is a heightened need for advanced floor cleaning equipment that can effectively eliminate germs, bacteria, and contaminants.  The expansion of industries such as commercial real estate, healthcare, hospitality, retail, and transportation fuels the demand for floor-cleaning equipment. As these industries expand, the need for efficient and reliable cleaning solutions becomes more critical.

Rapid urbanization is leading to smaller living spaces, including apartments and condos, where traditional cleaning methods may be less practical. Vacuum cleaners offer a convenient and efficient solution for cleaning floors, carpets, and upholstery in these compact living spaces. The market has witnessed significant technological advancements, including the introduction of features such as cordless operation, lightweight designs, improved suction power, advanced filtration systems, and intelligent sensors. The rising prevalence of allergies and asthma worldwide has led to an increased demand for vacuum cleaners with advanced filtration systems. HEPA filters and other specialized filtration technologies capture and trap allergens and microscopic particles, making vacuum cleaners an essential tool for allergy and asthma sufferers.

Key Takeaways:

  • The Asia-Pacific region is anticipated to continue its dominance during 2022-27 with over 40% market share owing to the expansion of the manufacturing industry and high standards of cleanliness in the tourism & hospitality sector.
  • Robotic Floor Sweepers, Self-Driving Floor Sweepers, Ride-On Floor Sweepers, Multi-Function Floor Sweepers, Battery-Powered Floor Sweepers, Hybrid Floor Sweepers, and Autonomous Mobile Robots are some of the technological trends that are expected to increase sales of floor sweepers.
  • Vacuum cleaners and floor scrubbers are expected to remain as the essential floor cleaning types of equipment, driven by a combination of use in residential, commercial & industrial sectors with 80.61% share.
  • Commercial application for floor cleaning equipment is leading the market in 2021 as commercial businesses, such as offices, retail stores, hotels, hospitals, and industrial facilities, operate on a larger scale compared to individual consumers with bigger spaces, higher footfall, and more extensive cleaning needs.

Get a free sample report: https://www.bonafideresearch.com/samplereport/210619841/global-floor-cleaning-equipment-market

In recent years, sustainability and green cleaning practices have gained prominence in the floor cleaning equipment market as businesses and consumers prioritize environmentally friendly solutions. Manufacturers are focusing on developing energy-efficient floor-cleaning equipment. This includes the use of advanced motor technologies, optimized power management systems, and energy-saving features such as automatic shut-off and power-adjustable settings. Manufacturers are exploring the use of recycled plastics, bio-based components, and sustainable materials to minimize the environmental impact of the equipment’s production and disposal.  Various green certifications and standards have been established to guide manufacturers and consumers in selecting sustainable floor-cleaning equipment. These certifications, such as ENERGY STAR, EPEAT, and LEED, validate the environmental performance of the equipment and provide assurance that it meets specific sustainability criteria. The market is witnessing collaborations between cleaning equipment manufacturers and other industries. For example, partnerships with chemical suppliers, software companies, and facility management providers are aimed at delivering integrated solutions that optimize cleaning processes and enhance overall performance.

Floor cleaning equipment is being designed with modular components and customization options to cater to specific customer needs. This allows businesses to choose and adapt their cleaning equipment based on different floor types, cleaning requirements, and industry-specific regulations. Augmented Reality (AR) and Virtual Reality (VR) technologies are being incorporated into floor cleaning equipment for training purposes. Virtual simulations and interactive training programs help operators familiarize themselves with machine operation, troubleshooting, and maintenance procedures. Autonomous or self-driving floor cleaning equipment uses advanced sensors, mapping technologies, and artificial intelligence algorithms to navigate and clean autonomously. They offer improved efficiency, reduce labor costs, and enhance safety by minimizing the need for human intervention. Also, the integration of data and analytics capabilities is transforming the floor-cleaning equipment market. Connected machines collect data on cleaning metrics, usage patterns, and operational insights. This data is utilized for real-time monitoring, predictive maintenance, performance optimization, and data-driven decision-making. For instance, Tennant, a leading manufacturer of cleaning equipment, launched the T500 Walk-Behind Floor Scrubber. This machine offers advanced cleaning features, including chemical-free ec-H2O NanoClean technology, enhanced maneuverability, and customizable settings for different floor surfaces.

“As technology continues to evolve and consumer preferences align with environmental consciousness, the market is poised for substantial growth, offering innovative and customizable floor cleaning solutions that cater to the evolving needs of various industries and sectors,” says, Mr. Dhwipal Shah, Research Director with Bonafide Research.

For detailed TOC: https://www.bonafideresearch.com/product/210619841/global-floor-cleaning-equipment-market

There is a growing trend towards rental and subscription-based models for floor cleaning equipment. Businesses are opting for flexible and cost-effective solutions, allowing them to access the latest cleaning equipment without significant upfront investments. Rental and leasing services are particularly useful for businesses that require floor-cleaning equipment on a temporary or short-term basis. For instance, during special events, construction projects, or specific cleaning tasks, renting equipment can provide a practical solution without long-term commitment. Renting or leasing floor cleaning equipment allows businesses to test and evaluate different equipment models before making a purchase decision. This helps in determining the most suitable equipment for specific cleaning requirements without the long-term commitment of ownership. Companies such as United Rentals, Sunbelt Rentals, Herc Rentals, and HSS Hire are specializing in equipment rental and often offer floor-cleaning equipment as part of their rental fleet. Manufacturers such as Tennant, Nilfisk, Kärcher, and Hako Group have rental programs or partnerships with rental companies. Online marketplaces such as Rent-It Today, BigRentz, and KWIPPED also facilitate equipment rentals, including floor cleaning equipment.

Floor cleaning equipment has an extensive applications across residential, industrial, and commercial sectors such as entertainment malls, restaurants & resorts, hospitals, airports, etc. are significantly contributing to the global floor cleaning equipment market. Stringent government rule regarding cleanliness is expected to influence the floor cleaning equipment market growth over the forecast period. The growing construction of commercial and industrial sector offer lucrative growth opportunities for the market player of the floor cleaning equipment market. The growing demand for electric machines and handles, the introduction of ride-on models of floor cleaners, increasing usage of various flowing materials such as wood, ceramic, stone, and others, and increasing consciousness among the consumer regarding airborne diseases are some of the major factors which will likely to boost the growth of the floor cleaning equipment market in the forecast period of 2022-2027.

To access the complete report: https://www.bonafideresearch.com/product/210619841/global-floor-cleaning-equipment-market

Asia Pacific is expected to witness rapid growth in the floor cleaning equipment market, primarily driven by the region’s expanding commercial and industrial sectors, urbanization, and increasing awareness of cleanliness and hygiene. China, with its booming manufacturing industry, offers a vast consumer base and a growing focus on automated and robotic cleaning solutions. Rising disposable incomes, changing lifestyles, and the adoption of advanced technologies further propel the growth of the floor-cleaning equipment market in the Asia Pacific.

The European floor cleaning equipment market is developed, driven by the region’s stringent cleanliness regulations, large commercial spaces, and focus on sustainability. Germany, known for its manufacturing expertise, contributes to the development of innovative and high-quality floor-cleaning equipment. The demand for eco-friendly and energy-efficient cleaning solutions, along with the emphasis on reducing water consumption and chemical usage, shapes the market in Europe.

In North America, particularly the United States, is known for its strong emphasis on technological innovation. The region is home to numerous technology hubs and research institutions that drive advancements in various industries, including cleaning equipment. North America boasts well-established distribution networks and robust infrastructure, supporting the efficient supply chain management of floor cleaning equipment. This facilitates the availability of a wide range of products and ensures timely delivery to end-users across the region. The region has a large commercial and industrial sector, including office spaces, healthcare facilities, educational institutions, shopping malls, and airports. The high demand for efficient and effective floor cleaning equipment arises from the need to maintain cleanliness standards, meet regulatory requirements, and enhance overall hygiene and safety.

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The floor cleaning equipment market in South America has been experiencing steady growth in recent years. The industrial sector also plays a crucial role, particularly in industries such as manufacturing, food processing, and logistics. Brazil, as the largest economy in South America, is a major market for floor-cleaning equipment. The South American floor cleaning equipment market offers growth opportunities due to urbanization, industrialization, and the increasing emphasis on cleanliness and hygiene.

However, the Middle East & Africa region is known for its thriving hospitality and tourism industries, which attract millions of visitors annually. Hotels, resorts, and other accommodation establishments have high cleanliness standards, requiring efficient and reliable floor cleaning equipment to maintain hygiene and guest satisfaction. The demand for floor cleaning equipment is driven by the need to keep these facilities pristine and welcoming. Several countries in the Middle East & Africa region, such as the United Arab Emirates, Saudi Arabia, and Qatar, have developed robust industrial infrastructures. Manufacturing facilities, logistics hubs, and industrial parks require specialized floor-cleaning equipment to meet the unique cleaning needs of these environments. This includes equipment capable of handling heavy-duty cleaning tasks, such as cleaning large floor areas, removing industrial residues, and managing oil and grease spills.

Considered in the Report

  •   Geography: Global
  •   Historic Year: 2017
  •   Base year: 2022
  •   Estimated year: 2023
  •   Forecast year: 2028
Market Segmentation Details
By Product Type
  • Vacuum Cleaner
  • Floor Scrubber
  • Floor Sweeper
  • Others
By Application
  • Residential
  • Commercial
By Region
By Country
Company profiles
  • Alfred Karcher GmbH & Co. KG.           
  • Amano Corporation
  • Diversey         
  • Dyson 
  • Eureka S.p.A  
  • Miele  
  • iRobot 
  • Bissell          
  • Electrolux AB 
  • Hoover
  • Nilfisk 
  • Panasonic
Other Market Details
  • Key Drivers & Key Challenges,
  • Market Trends and Developments,
  • Strategic Recommendations

To buy the research report: https://www.bonafideresearch.com/buy-now/210619841

Related Reports:

The Global Flooring Market is anticipated to grow at a 6.18% CAGR in terms of value during this forecast period, reaching a market size of USD 486.40 billion by 2028. With global economic growth and rising disposable incomes, there is an increased demand for housing, commercial spaces, and infrastructure development. This drives the need for flooring materials in both residential and commercial construction projects. Renovation and remodeling projects globally are on the rise. The Asia-Pacific region is the leading region for flooring and manufactures different types of tiles and flooring marbles. The region is expected to register a CAGR of 7.16% over the forecast period. Non-resilient flooring in North America accounts for 60% of the market as it has a huge demand. Increased industrialization has also resulted in market expansion. Increasing construction activities and the escalating demand for wood-based flooring materials have nourished the growth of the industry in Europe. Resilient flooring accounts for less than 10% of the European flooring market. The Middle East and Africa have demands for carpets & rugs, accounting for 35.99% of the market. Industrial flooring in South America accounts for only 6.50% of the market.

The Global Artificial Turf Market is expected to grow at a 6.59% CAGR during 2023–2028, increasing from USD 4608.26 Million in 2022. As people become busier and more environmentally conscious, they are turning to artificial lawns as a practical and sustainable option for their outdoor spaces. Furthermore, the increasing availability of high-quality and realistic synthetic grass products. Advances in technology and manufacturing processes have made it possible to create synthetic grass that looks and feels like natural grass. Europe is the major market for artificial lawns, with a 35% share, with countries such as the UK, Germany, and France leading the way in terms of market share. The region’s strict environmental regulations have led to a growing demand for eco-friendly landscaping solutions, including artificial lawns. In North America, natural grass has traditionally been seen as a symbol of the American dream, but lately, it has been replaced by nylon grass with a 49.25% share. Many countries in the Asia-Pacific region have a hot and dry climate, which makes it difficult to maintain natural grass. As a result, artificial lawns are becoming increasingly popular as a water-saving and low-maintenance alternative to natural grass and are expected to witness the fastest growth rate of 8.15%. The Middle East and African artificial turf market accounts for less than 5% of global sales but is an emerging market. In South America, Brazil is the major market for artificial lawns.

The Global Light Control Switches Market is anticipated to cross-market size of USD 18 Billion, growing at a CAGR of 8.46% during 2023–28. The evolution of technology has led to the development of various devices that make life more convenient and efficient. With growing concerns about energy consumption and sustainability, businesses and homeowners are looking for ways to reduce energy consumption while maintaining comfort levels. Light control switches provide a cost-effective solution to reduce energy consumption, as they can be used to automatically turn off lights when they are not needed. For example, in the United States, the Department of Energy (DOE) has established minimum energy efficiency standards for light control switches sold in the country. The Asia-Pacific region is home to some of the fastest-growing cities in the world, with a rapidly growing population, whereas there is an increasing adoption of Internet of Things (IoT) technology in lighting control systems in Europe and North America. In the Middle East & Africa, and South America regions; there is an increasing adoption of smart lighting systems in commercial and public spaces.

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Steven Thomas – Sales & Marketing Manager
E-mail: [email protected]
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Europe: +44 20 8089 0049
North America: +1 201 793 8545 
https://www.bonafideresearch.com/

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Bonafide Research is the fastest-growing global market research and consulting company, providing syndicated research reports, customized research reports, and consulting services to a range of verticals. They have been closely working with a wide client base ranging from Fortune 1000 companies to small and medium enterprises, helping them track the constantly changing market scenario. Bonafide has continuously tried to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade, and market data globally and help clients make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable, and valuable information for strategy development and to extract tangible results.

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

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May 17, 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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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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May 17, 2024

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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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May 17, 2024

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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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