Artificial Intelligence
Molekule launches ‘Molekule 360,’ first-of-its-kind indoor air quality management solution
Salesforce and one of the largest U.S. banks are participating in the initial deployment of Molekule’s newly developed, Molekule 360, Indoor Air Quality (“IAQ”) management system
Powered by the Molekule 360 Hub and artificial intelligence (“AI”) insights, the turnkey solution enables proactive control of air quality in public and commercial indoor spaces
PALM BEACH GARDENS, Fla., July 18, 2023 (GLOBE NEWSWIRE) — Molekule Group, Inc. (“Molekule” or the “Company”) (Nasdaq: MKUL), a leading air purification technology company, today announced the launch of Molekule 360, a first-of-its-kind indoor air quality (“IAQ”) management solution.
Proactive adopters, including Carr Properties, ITVS, Rancho Valencia, Sacred Heart Academy, Salesforce and one of the four largest U.S. banks, have made significant investments to ensure safer indoor environments, while also cost-effectively complying with CDC, EPA, and American Society of Heating, Refrigerating and Air-Conditioning Engineers guidance. Notably, Salesforce purchased and deployed approximately 3,000 Molekule devices over the last two years across 30 locations throughout the U.S. and Canada.
Molekule 360 was created for enterprise-wide deployment to provide monitoring and control of thousands of Internet of Things (“IoT”) enabled devices from a single location, across multiple facilities and cities, as employers, like Salesforce, navigate the increased importance of IAQ with workers returning to in-person offices in higher volumes.
The comprehensive indoor air quality management solution is an intuitive, easy-to-use platform that provides real-time, AI-enabled IAQ insights across an organization’s building portfolio. With weather intelligence features supported by integration with satellites from our partner Tomorrow.io, Molekule 360 can forecast outdoor factors such as wildfire smoke, pollen count, pollution levels, ozone and more, empowering organizations with actionable information to proactively safeguard the health and safety of building occupants.
Molekule 360 provides the following benefits:
- 24/7 peace of mind: Molekule 360 constantly tracks IAQ data and outdoor impacts to automate air purification device fleet response and address air quality concerns in real time on a room-by-room and building-by-building basis for enterprise customers.
- Immediate AI-enabled insights: Built around the Molekule 360 Hub connected dashboard, the platform connects to existing building management systems (“BMS”) and other connected platforms using the Molekule API. Molekule 360’s real-time data and analysis capabilities allow organizations to gain up-to-the-minute information on IAQ parameters like particulate matter, harmful airborne pathogens, carbon dioxide, volatile organic compounds, humidity and temperature, facilitating prompt actions and optimizations.
- Seamless connectivity: Enabled by the Internet of Things, Molekule 360 connects to existing BMS and other IoT-enabled systems to enable comprehensive situational awareness of IAQ parameters and trends, driving proactive measures and timely interventions.
- Native enterprise control: Molekule 360 features built-in support for thousands of Molekule purifiers enabling monitoring and automatic air quality management right out of the box and from a single location.
- Scientifically proven protection: Molekule’s proprietary photoelectrochemical oxidation, or PECO, technology helps protect indoor air from harmful viruses, bacteria, mold, toxic chemicals, wildfire smoke, hazardous particulate matter and other pollutants.
“We recognize that indoor air quality directly impacts the health and well-being of building occupants — and is an increasingly vital component of healthy building initiatives. In the U.S., many of us spend approximately 90% of our lives indoors, so measuring, treating and controlling indoor air helps combat pollutants and other harmful microorganisms to make the air we breathe cleaner,” said Jason DiBona, CEO of Molekule. “By driving real-time decision-making at granular levels, the Molekule 360 platform truly transforms how organizations across industries create safer indoor air environments for employees, patients, students, customers and beyond.”
Molekule 360 is a unique solution which utilizes Molekule air purifiers, satellite-based weather data powered by Tomorrow.io and AI-driven analysis to assess the connection between outdoor environments and their influence on IAQ and operational well-being. Decision-makers can leverage the information to create rules and set real-time notifications when IAQ parameters meet certain thresholds.
“Implementing Molekule 360 has revolutionized our approach to indoor air quality management,” said Ilan Zachar, chief technology officer at Carr Properties. “Studies have correlated higher IAQ with a rise in employee satisfaction, better productivity, performance and morale, in addition to enhanced energy efficiency. Across the Carr Properties portfolio of commercial office spaces, we are committed to providing a consistently safe environment for everyone in our building communities. The Molekule solution allows us to monitor each room and common space to make real-time decisions that ensure a healthier, more productive working environment.”
Molekule has one of the largest ranges of proprietary and patented Food and Drug Administration-cleared air purification devices.
Molekule believes that its patented PECO technology is one of a kind in its capability to not only capture but break down pollutants like bacteria, viruses, mold, allergens and more. Molekule devices are the only air purifiers to use patented PECO technology to destroy pollutants.
If you are interested in a quote for your organization, please inquire at molekule.com/business.
About Molekule
References to “Molekule” herein include Molekule Group, Inc. (Nasdaq: MKUL) and its consolidated subsidiaries, including Molekule, Inc. Molekule is creating safer, healthier indoor environments worldwide, starting with our most essential resource: the air we breathe. Based on over 25 years of research and development, the company creates scientifically proven technology to improve indoor air quality for individuals, businesses, schools, hospitals and organizations of all sizes. Molekule’s lineup of air purification solutions incorporates medical-grade high-efficiency particulate air filtration and the company’s patented photoelectrochemical oxidation (PECO) technology, which surpasses traditional filters by effectively destroying a wide range of pollutants, including volatile organic compounds, mold, bacteria, viruses and allergens. These devices have undergone rigorous assessments and validations by third-party laboratories, earning FDA clearance as medical devices. It’s all part of Molekule’s vision of changing the world from the indoors out. For more details, please visit molekule.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon current beliefs and expectations of our management and are subject to known and unknown risks and uncertainties. Words or expressions such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “may,” “will,” “projects,” “could,” “should,” “would,” “seek,” “forecast,” or other similar expressions help identify forward-looking statements. Factors that could cause actual events to differ include, but are not limited to:
- general economic conditions in the markets where we operate;
- the impact of the COVID-19 pandemic and related prophylactic measures;
- expected timing of regulatory approvals and product launches;
- non-performance of third-party vendors and contractors;
- risks related to our ability to successfully sell our products and the market reception to and performance of our products;
- the possibility that our products do not ultimately perform in line with our testing or that prior test results may not be replicated in future studies;
- our compliance with, and changes to, applicable laws and regulations;
- our limited operating history;
- our ability to manage growth;
- our ability to obtain additional financing when and if needed;
- our ability to expand product offerings;
- our ability to compete with others in our industry;
- our ability to protect our intellectual property;
- the ability of certain stockholders to determine the outcome of matters that require stockholder approval;
- our ability to retain the listing of our common stock on Nasdaq;
- our ability to defend against legal proceedings;
- success in retaining or recruiting, or changes required in, our officers, key employees or directors;
- the risk that the merger between Molekule and Aura may not be completed; and
- other economic, business, competitive, and regulatory factors affecting the businesses of the Company generally, including but not limited to those set forth in Molekule’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Molekule’s latest annual report on Form 10-K, as amended, and other SEC filings.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various factors. Although we believe that the expectations reflected in the forward-looking statements are reasonable based on information currently available, we cannot assure you that the expectations will prove to have been correct. Accordingly, you should not place undue reliance on these forward-looking statements. In any event, these statements speak only as of the date of this release. We assume no obligation to revise or update any of the forward-looking statements to reflect events or circumstances after the date of this release or to reflect new information or the occurrence of unanticipated events.
Media Contact
[email protected]
Investor Relations Contacts
Ryan Tyler
Chief Financial Officer, Molekule
[email protected]
MATTIO Communications
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/890697e8-7d49-49ff-8787-5716230ecb10
Sustainability is a focus for global CIOs, with the majority investing in environmental initiatives and technologies, according to Logicalis’ 10th annual CIO report96% of CIOs say their function is involved in their company’s overall sustainability planning and target-setting90% believe it’s important to assess the sustainability credentials of new suppliersLONDON, July 2, 2024 /PRNewswire/ — Logicalis, the leading global technology service provider, reveals sustainability is a key priority for tech leaders in 2024. According to its tenth annual CIO Report, which surveyed over 1,000 CIOs globally, almost all (92%) CIOs are investing in sustainability initiatives or technologies this year.
In the face of global economic uncertainty, the commitment to the green agenda among CIOs stands resolute with CIOs at the heart of their organisation’s sustainability strategy. 96% of tech leaders said that they are already involved in their company’s overall sustainability planning and target setting, and 93% said that they believe IT is core to successfully delivering on their organisation’s environmental objectives. An overwhelming 90% also said that they assess the sustainability credentials of new suppliers before working with them.
Sustainability continues to be recognised as a necessary investment by businesses, as it not only benefits the environment but also reduces energy consumption and operational costs. However, there are still stumbling blocks to overcome. Most (93%) see challenges in attaining their environmental goals, with 43% stating that collecting data distributed across the organisation is a challenge. A similar number are not completely confident that their organisation knows how its digital estate is performing against environmental goals.
Reflecting on the findings at Logicalis’ Global CIO summit in London, Bob Bailkoski, Logicalis CEO, said: “Investing in sustainability is not only the right thing to do, it’s a commercial imperative for business. We know that a reduction in carbon and energy consumption also means lower costs, and with regulations on carbon reporting becoming more stringent, prioritising sustainability now will serve CIOs well later.”
“We’re working very closely with our partners to ensure there is carbon accountability on our part in the outcomes we deliver through technology, and through visibility tools, like our Digital Fabric Platform, we’re empowering customers themselves to better manage the carbon performance of their IT estate.”
Toby Alcock, Logicalis Chief Technology Officer, said: “CIOs globally continue to face pressure when it comes to prioritising innovation, balancing costs and decreasing carbon output, but these priorities don’t have to compete. With access to good data, CIOs should be able to see where to find short and long-term gains, both environmentally and financially. What’s more, they are well-positioned to attract new customers who are looking to allocate their business to more sustainable suppliers.”
“The fact that IT is now involved in sustainability at a strategic level should ensure that any initiatives have the right infrastructure and support to succeed.”
To see the full report head to https://www.logicalis.com/cio-report
About the research
At the end of 2023, Logicalis commissioned independent market research specialist Vanson Bourne to do a survey. Vanson Bourne interviewed 1,000 Business and IT professionals across EMEA, APAC, US and South America. Only respondents with over 250 employees, with involvement in digital transformation and cloud computing within their organisations, were interviewed. The 2024 report marks the 10th consecutive year Logicalis has undertaken this study.
About Logicalis
We are Architects of Change™. We help organisations succeed in a digital-first world. At Logicalis, we harness our collective technology expertise to help our clients build a blueprint for success, so they can deliver sustainable outcomes that matter.
Our lifecycle services across cloud, connectivity, collaboration and security are designed to help optimise operations, reduce risk and empower employees.
As a global technology service provider, we deliver next-generation digital managed services, to provide our clients with real-time visibility and actionable insights across the performance of their digital ecosystem including; reliability, user experience, security, economic performance and sustainability.
Our 7000+ ‘Architects of Change’ are based in 30 territories around the globe, helping our 10,000+ clients across a range of industry sectors, create sustainable outcomes through technology.
Logicalis has annualised revenues of $1.7 billion, from operations in Europe, North America, Latin America, Asia Pacific, and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $5.1 billion.
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Artificial Intelligence
Military Radar Market worth $18.4 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 2, 2024 /PRNewswire/ — The Military Radar Market is valued at USD 14.1 billion in 2024 and is projected to reach USD 18.4 billion by 2029, at a CAGR of 5.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The military radar market involves the design, manufacture, and implementation of radar systems tailored for defense and military use. These systems are employed by military forces and defense agencies to improve situational awareness, and capabilities in target detection, tracking, surveillance, and reconnaissance. A key driver of this market is the increasing need for advanced defense mechanisms amid rising global security threats, which necessitates continual upgrades to radar technologies to ensure robust national and international security.
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Browse in-depth TOC on “Military Radar Market” 120 – Tables90 – Figures350 – Pages
Military Radar Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 14.1 billion
Estimated Value by 2029
$ 18.4 billion
Growth Rate
Poised to grow at a CAGR of 5.4%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Platform, Product Type, Frequency Band, Dimension and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability of radars to new jamming techniques
Key Market Opportunities
Increased Compact Radars for Anti-drones application
Key Market Drivers
Rise in Advanced Electronic Warfare and Network-Based Combat Operations
Based on the platform, the airborne segment is estimated to grow at the highest CAGR during the forecast period.
Based on the platform, the airborne segment is estimated to lead the military radar market from 2024 to 2029 with the highest CAGR. This growth is primarily driven by the expanding use of Unmanned Aerial Vehicles (UAVs) in both military and commercial sectors. UAVs demand compact, efficient, and lightweight radar systems for various applications including surveillance, reconnaissance, border patrol, search and rescue, and commercial traffic monitoring.
Technological advancements are also contributing to this trend, with ongoing developments in radar miniaturization, reduced power consumption, and improved image resolution to enhance UAV capabilities. Additionally, global military modernization efforts are integrating more UAVs equipped with advanced radars, further stimulating this growth.
Based on the technology, the quantum radar segment is estimated to grow at the highest CAGR during the forecast period.
Based on the technology, the quantum radar segment is estimated to lead the military radar market from 2024 to 2029 with the highest CAGR. This expected growth is primarily due to quantum radar’s capability to significantly enhance detection accuracy by utilizing quantum entanglement properties, which enables it to identify objects that conventional radars may overlook. This technology is particularly effective in environments affected by high levels of noise or equipped with stealth capabilities designed to evade traditional detection methods. The increasing prioritization of national defense and security is further driving investment in advanced radar technologies, including quantum radars. As countries modernize their military assets to address evolving security threats, quantum radar will emerge as a key component in these upgrades, with improved effectiveness in surveillance and reconnaissance operations.
Based on range, the short-range segment is estimated to grow with the highest CAGR during the forecast period.
Based on range, the short-range segment is estimated to grow with the highest CAGR during the forecast period due to several key factors. This growth is driven by the increasing demand for radars that can operate effectively over shorter distances, which are essential for applications such as automotive safety systems, drone navigation, and perimeter security. These systems are valued for their ability to provide rapid response and high-resolution imaging in close proximity environments.
The rise in the adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles heavily contributes to this trend, as short-range radars are integral for functions like collision avoidance, parking assistance, and pedestrian detection. Additionally, the expanding use of drones for commercial and defense applications enhances the demand for short-range radar capabilities to navigate in complex and cluttered environments.
Based on dimension, the 4D segment is to grow with the highest CAGR in Military Radar market.
The 4D segment in the military radar market is seeing the highest CAGR due to several factors. These radars provide comprehensive situational awareness by tracking objects in three spatial dimensions plus time, crucial for early threat detection and effective decision-making in combat scenarios. Their ability to distinguish between object types reduces false alarms, while superior clutter rejection capabilities improve target tracking in complex environments. The push for modernization, coupled with advancements in computing, signal processing, and antenna design, is making 4D radars both effective and cost-efficient, leading to their rapid adoption and market growth.
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Based on regions, Europe is to grow with the highest CAGR in the Military Radar market.
Based on region the Europe market is estimated to account for highest CAGR during the forecast period. Many European militaries are prioritizing the modernization of their aging radar systems with next-generation technologies that offer better range, accuracy, and counter-threat capabilities. European defense companies are advancing radar technology, including Active Electronically Scanned Array (AESA) radars for improved target tracking and Gallium Nitride (GaN) based radars for enhanced efficiency and range. Additionally, the growing threat from drones is boosting demand for specialized radars for detecting low-altitude targets, potentially leading to sustained increases in defense budgets across Europe, thereby driving significant growth in the military radar industry from 2024 to 2029.
Key Players
The military radar companies is dominated by a few globally established players such as RTX Corporation (US), Thales (France), Lockheed Martin Corporation (US), Leonardo S.P.A (Italy), and Israel Aerospace Industries (Israel).
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About MarketsandMarkets™
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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VICTORIA, Seychelles, July 2, 2024 /PRNewswire/ — Ripple, developers of top 10 coin XRP, along with the leading cryptocurrency exchange Bitrue, have recently released a new promotional video highlighting the history of support that Bitrue has shown towards the XRPL community.
This short video, filmed at Paris Blockchain Week in April of 2024, details Bitrue’s involvement in the XRP ecosystem since its launch in 2018. The messaging is delivered by Shruti Kohli, Bitrue’s Global Head of Business Development, and touches on Bitrue’s future plans for the coin.
In the present time support for the coin is growing, not only amid the wider cryptocurrency community but also from Bitrue directly. New tokens that launch on the exchange are often paired with XRP for trading, allowing token developers to directly tap into the XRP community while simultaneously increasing the direct utility of XRP. XRP is also included in all current features on Bitrue, including staking, loans, futures trading, and more.
The exchange has additionally launched an exclusive new staking opportunity celebrating the release of this promotional video. For a limited time only, all users are able to stake their XRP with Bitrue to receive 7% APY over a 7 day period. New users to the exchange also have an additional opportunity in the form of a 50% APY staking option over a 3 day lockup period. Users are encouraged to head to Bitrue.com today to participate.
XRP remains the #1 focus of the exchange, with several projects building on the XRP Ledger set to launch on the exchange within the upcoming months.
Since its launch in 2018, Bitrue has been on a remarkable journey, always championing the utility and adoption of XRP. What follows is a short history of how Bitrue has been at the forefront of driving support for XRP, fostering innovation, and standing strong during challenging times.
2018: Embracing XRP’s Potential
In July 2018, Bitrue was one of the first centralized cryptocurrency exchanges to list XRP, recognizing its immense potential when others overlooked it. They immediately elevated XRP to one of their Top 4 base currencies, allowing users to trade dozens of altcoins directly with XRP as a base. The response was overwhelming, with hundreds of thousands of XRP holders finding solace in Bitrue’s unwavering support. Moreover, users have been enjoying 0 withdrawal fees for XRP on Bitrue since then.
In addition, Bitrue also became the first exchange to list XRP as its base currency. Today, Bitrue is still the only exchange that lists XRP as a base currency, with dozens of XRP-based trading pairs.
Later in 2018, Bitrue proudly introduced the investment tool Power Piggy, offering XRP holders a passive income instrument. Moreover, they were among the first to offer a passive income instrument for XRP Holders, Power Piggy, making it part of the initial batch of tokens eligible for investment.
2019: Pioneering Innovative Features
Throughout 2019, Bitrue continued to prioritize XRP in all newly launched features. They launched a low-interest crypto lending platform, becoming the first exchange to provide XRP-collateralized lending services for the XRP community.
Furthermore, Bitrue has taken a significant step by running a UNL XRPL validator, demonstrating a strong dedication to the growth of the XRP ecosystem. This validator is part of the Unique Node List (UNL), a compilation of validators that network participants, including servers, trust not to engage in fraudulent activities.
Notable events during the year included Ripple’s endorsement of its partnership with Bitrue in supporting XRP adoption when Bitrue attended Ripple Swell 2019 in Singapore. Bitrue also participated in #XRPMeetupJapan as an official sponsor.
2020: Upholding Resilience in Challenging Times
In June 2020, they further solidified support for XRP by becoming the first exchange to embrace PayString, simplifying XRP addresses into an email-like format. In late 2020, many exchanges delisted XRP due to the SEC v. Ripple lawsuit. However, Bitrue stayed loyal to the XRP community, categorically refusing to delist XRP and providing continuous trading and investment opportunities for the community. Bitrue never delisted XRP, which remains true today.
2021-2023: Continued Holistic Support for the XRP Ecosystem
In January 2021, Bitrue again proved its dedication by being the first exchange to complete $FLR distribution in the form of IOUs and supporting $FLR trading. They continued to extend holistic support during the largest XRP community airdrop event in January 2023, reaffirming the commitment to the XRP community.
Since launching in 2018, Bitrue has also listed and supported XRP native tokens like CasinoCoin ($CSC), Sologenic ($SOLO), Coreum ($CORE), Equilibrium Games ($EQ), and many more. All XRP native tokens can be found listed here. Bitrue is also one of the first exchanges supporting manual relocation and recovery of missing deposits where there are missing tags or incorrect tags for the XRP community.
Today: Looking into the Future
Looking towards the future, Ripple’s recent landmark victory against the SEC is a potential turning point for the broader crypto ecosystem. It highlights the unique opportunities offered by elements like smart contracts and algorithmic currencies. Bitrue is committed to wholeheartedly supporting and actively exploring opportunities to grow in tandem with the XRP ecosystem, fostering its future endeavors and development.
Bitrue is proud to have been part of the XRP journey since 2018. As the crypto landscape evolves, they remain committed to empowering the #XRPCommunity, embracing potential opportunities, and contributing to the bright future of XRP. With XRP continuing to gain strength among the top 10 cryptocurrencies by market capitalization, they stand firm as the steadfast partner that has always prioritized the usage of XRP and supported its ecosystem. Together, let’s move forward into a world where XRP adoption and utility thrive.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans, and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available on Bitrue’s website.
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