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Exyte completes acquisition of Kinetics

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Closing of transaction following the approval by all required regulatory bodiesAcquisition of industry leader in installation services, equipment, and technical facility management The company serves high-tech industries such as semiconductor, biopharma, and batteriesFurther strengthening of Exyte’s Technology & Services business STUTTGART, Germany, Oct. 16, 2024 /PRNewswire/ — Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has completed the acquisition of Kinetics Group. The transaction, announced in April 2024, closed on October 15, 2024, following receipt of all required regulatory approvals.

Kinetics is a globally recognized leader in installation services, equipment, and technical facility management. The company’s expertise spans the biopharma, semiconductor, and high-tech industries, with operations across Asia, Europe, and North America. With the acquisition of Kinetics, Exyte significantly enhances the portfolio of its Technology & Services business area, reinforcing its position as a leader in high-tech facility solutions while also increasing its regional coverage.
“Through the acquisition of Kinetics, we are strengthening our capabilities and expanding our service offerings,” says Exyte CEO Dr. Wolfgang Büchele. “Kinetics is an ideal addition to Exyte, allowing us to capitalize on the ongoing investments in high-tech facilities. Together, we will leverage new opportunities and continue providing our clients with innovative solutions.”
With the transaction, Exyte also ventures into the field of technical facility management. Technical facility management services enable Exyte to extend its business activities beyond the engineering, planning, and construction phases, ensuring the continuity of its client relationships by offering services during operations.
Kinetics CEO Peter Maris adds: “Joining forces with Exyte provides Kinetics with a strategic partner committed to our sustained growth and excellence. Together, we will continue to serve our global clients with enhanced expertise and a broader range of high-tech solutions, ensuring ongoing success and innovation.”
Strategic expansion of Technology & Services
Kinetics will operate within Exyte’s business area Technology & Services, leveraging the combined strengths to foster innovation and growth. The business area consists of entities that provide cleanroom technology, installation services, and equipment for subsystems to their clients as well as off-site manufacturing (OSM). Exyte is currently pursuing its “Pathway to Ten” with the goal to achieve ten billion euros in sales by 2027. The business area Technology & Services is expected to contribute significantly to the company’s success in the coming years.
About Exyte
Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of complete solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2023, the company generated sales of €7.1 billion with around 9,900 employees worldwide. www.exyte.net 
More information about Kinetics can be found on www.kinetics.net.
Photo – https://mma.prnewswire.com/media/2531492/Exyte_Kinetics.jpgLogo – https://mma.prnewswire.com/media/1487100/Exyte_Logo.jpg
ContactSamy Abdel AalPublic Relations Manager
Phone: +49 711 88044696Mobil: +49 172 840 33 [email protected] www.exyte.net
 
 

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Artificial Intelligence

Cancer: Crosetto’s Breakthrough Inventions with Potential to Save Millions of Lives and Billions of Dollars Approved for a Two-Hour Presentation at IEEE

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DALLAS, Oct. 17, 2024 /PRNewswire/ — Crosetto Foundation for the Reduction of Cancer Deaths welcomes Transparency in Science.

Italian-American scientist Dario Crosetto expresses his gratitude to IEEE-NSS-MIC-RTSD General Chair and NSS Chairs for supporting Transparency in Science.
They approved his six articles for presentation, their titles available at the conference program (https://www.eventclass.org/contxt_ieee2024/scientific/online-program/session?s=N-29), each supported by two pages accepted by reviewers, allocating Crosetto nearly two hours on October 31, 2024, 16:20 EST to  present his 3D-Flow and 3D-CBS breakthrough inventions on particle detection and cancer detection at the world’s most important conference in particle physics and medical imaging, in Tampa, Florida, where 2,000 scientists will gather.
Crosetto will demonstrate his inventions’ superiority in flexibility, performance, and cost-effectiveness, compared to all current and past projects in the field. His inventions provide powerful cost-efficient tools to physicists for discovering new particles and doctors to detect tumors with as few as 100 cancer cells —long before the 1,000,000 cells needed for detection by CT, MRI, mammograms.
He challenges his colleagues to provide references to any current or past project, funded or unfunded, able to match his 3D-Flow and 3D-CBS flexibility, performance, and cost, with potential to deliver superior results in discovering particles, reducing premature cancer deaths and lowering healthcare costs.
Given that unrefuted calculations and claims demonstrate Crosetto’s inventions could have saved millions of lives, billions of dollars, and advanced science and technology in multiple fields, experts from CERN, Science Academies, and in particular the Pontifical Academy of Sciences —boasting 86 past and present Nobel Laureate members —take responsibility by attending (in person or remotely) his presentations. He urges them to provide references to calculations and demonstrations of any project/idea having a greater potential to reduce cancer deaths and costs.
Funding agencies, spending $2 trillion annually on research and development, and government institutions responsible for delivering the best services to their employees and citizens, along with the 236 wealthy individuals of the Giving Pledge —who commit to donating the majority of their wealth to philanthropy —and entrepreneurs committed to funding impactful projects, are invited to consider contributing just 0.00000067 of the over $30,000,000,000,000 already spent on R&D since Crosetto’s inventions. This would enable him to build two 3D-CBS devices and allow experimental results to be the final judgement.
ContactsJennifer [email protected]
Photo – https://mma.prnewswire.com/media/2533537/Italian_American_scientist_Dario_Crosetto_at_IEEEE_EN_QR_GIUD.jpg

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Alif Semiconductor will integrate ExecuTorch to significantly expand embedded capabilities of Endpoint-AI applications

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PLEASANTON, Calif., Oct. 17, 2024 /PRNewswire/ — Alif Semiconductor, the leading supplier of scalable, power efficient microcontroller solutions with integrated AI acceleration, today announced it will support the ExecuTorch framework that was recently introduced by PyTorch. ExecuTorch enables on-device inference capabilities across mobile and edge devices and will provide users of Alif’s Ensemble® and Balletto™ devices with an even more seamless path to design, optimize, train, and deploy machine learning models directly on endpoint devices. The integration will allow data and decisions to be processed immediately on-device, which enables privacy-aware personalization, reduces power consumption, and significantly increases the flexibility of on-device AI use-cases.

“Since we launched our Ensemble family of AI-Enabled MCUs into the market three years ago, we have seen a tremendous level of interest in transitioning machine learning closer to the source of the data,” commented Reza Kazerounian, president and co-founder at Alif Semiconductor. “ExecuTorch will significantly broaden the use cases that can be realized by this transition, and Alif is very excited to collaborate with PyTorch on bringing this to microcontroller devices.”
Alif is also collaborating with Arm on bringing support for hardware acceleration of transformer-based models for the first time to microcontroller devices, which will enable a frictionless path for language models and other advanced use-cases to be deployed to edge devices using ExecuTorch.
The AI-enabled Ensemble MCUs and fusion processors from Alif Semiconductor are fully mass production qualified. To request evaluation boards or device samples, please contact Alif Semiconductor.
Photo: https://mma.prnewswire.com/media/2533622/ALIF_Semiconductor_Executorch.jpg
 

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Cambri raises another €8 million to scale its AI-powered insights platform used by major brands to predict product launch success

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New investors include Octopus Ventures and Sir Martin Sorrell’s S4S Ventures
LONDON, Oct. 17, 2024 /PRNewswire/ — Cambri, the AI consumer insights and innovation platform used by household food and beverage brands such as Carlsberg, Coca-Cola, and Nestle has closed a new funding round. Octopus Ventures (one of the UK and Europe’s largest VCs) and S4S Ventures (co-founded by Sir Martin Sorrell) joined existing investors OpenOcean, Spintop Ventures and The 98 (co-led by former Nielsen US President Lynda Clarizio) in the new round. Cambri’s transformational AI technology addresses a major industry problem: the high failure rate of product launches. The new funds will be used to scale Cambri’s operations to meet the enormous opportunity and demand within the market research industry.

Traditional market research, consumer insights, and prediction models are outdated, static, and notoriously inaccurate, typically delivering just a 40% prediction accuracy. This means brands waste time and resources developing and launching products that consumers don’t need. By contrast, Cambri’s proprietary AI engine not only predicts the likelihood of a product’s success but also provides actionable insights to help improve products before launch. Cambri’s AI models are 2-3 times more accurate than traditional methods, enabling its customers to regularly achieve over 80% prediction accuracy for product launch success – contributing to Cambri’s 146% year-over-year ARR growth.
“Cambri really excels at providing timely and innovative research solutions across the innovation cycle. They’ve really helped us increase speed to deep and very actionable insights and I’m looking forward to continuing to grow our partnership. Everyone says you can only pick 2 from good, fast, and affordable…with Cambri, I get all 3.” Billy Fletcher, Global Director of Human Insights for Emerging Categories, The Coca-Cola Company
“Cambri is redefining how consumer insights drive innovation success. We’ve experienced rapid international growth and attracted many of the world’s leading consumer brands as customers. The new funding from these two experienced investors underscores the dramatic value our proprietary AI models drive for our customers, and will significantly support our expansion.” Ben Harknett, Cambri CEO
“We’re really excited about Cambri’s potential to drive significant efficiency gains and successful product launches for a wide range of businesses. The pace of their growth, and strength of their international partnerships, are testament to the value being generated by their proprietary AI models. We’re looking forward to seeing what they do next.” Constanza Diaz, Investor, Octopus Ventures
“Innovation is at the heart of corporate growth, but it is notoriously hard to achieve – 95% of the nearly 30,000 products introduced each year fail. When long-established consumer brands with impressive innovation track records such as Coca-Cola and Carlsberg are using Cambri’s AI-powered platform to drive their product innovation, this technology is capable of huge impact.” Sir Martin Sorrell, Executive Chairman at S4 Capital Group and Co-founder at S4S Ventures
“The legacy market research market is ripe for disruption. Cambri’s unique data sets and AI model have transformed an outdated and inaccurate process into a superpower for household consumer brands. Enterprise skepticism about the true value of AI to their their day-to-day operations may be valid across many current use cases – but Cambri stands out as an exception delivering clear and actionable value.” Sanja Partalo, Co-Founder and Managing Partner of S4S Ventures
About CambriCambri is a Nordic-based technology company founded in 2018. Its team consists of dedicated academics, technologists, product developers, data scientists, innovators, and insights professionals. Cambri’s mission is to help consumer brands avoid launching products that do not meet consumers’ true needs.
With the help of Cambri, all brand and product teams can innovate in an iterative test-and-learn manner and be confident in bringing only purposeful and long-lasting brands, products, and services to market.
About Octopus VenturesOctopus Ventures, part of Octopus Group, is one of the largest and most active venture capital investors in the UK and Europe. We’re on a mission to invest in the people, ideas and industries that will change the world.
We back entrepreneurs ─ from the first cheque their business receives, right through to IPO. We manage £1.8bn and are investing in more than 200 businesses, focusing on the companies solving three of the world’s biggest problems: those building a sustainable planet, empowering people, and revitalising healthcare.
We know what it takes to build a successful business. We support founders through our strong teams, sector expertise and deep networks, using our people and talent to help them build a better tomorrow.
About S4S VenturesS4S Ventures is a venture capital firm that invests in early-stage companies focused on transforming the Marketing and Advertising sector through digital innovation. The firm focuses on four principal areas: Martech, Adtech, Data Technology, and Creative Technology/AI. Its investment portfolio includes companies providing solutions for programmatic advertising, data warehousing, content development, and artificial intelligence. The team at S4S provides strategic guidance and operational support to their portfolio companies to ensure they have the resources they need to succeed. S4S Ventures believes in the power of technology to transform the marketing and advertising sector and is passionate about supporting startups that are driving innovation and change. www.s4sventures.com
For more information contact:Inkhouse for S4S [email protected]
Dani Kamras, Co-Founder of [email protected]+46 709 131 646
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