Artificial Intelligence

Toyota’s Fourth Generation 2020 Highlander Redesigned from the Ground Up

Published

4 years ago

December 18, 2019

Toyota’s Fourth Generation 2020 Highlander Redesigned from the Ground Up

The fourth-generation Toyota Highlander brings a new level of bold, distinctive design to a foundation built on safety, comfort, quality, durability and reliability. The Highlander gas model will be available this month and the Highlander hybrid will make its way to customers in February 2020.

Just as the first RAV4 launched the compact crossover SUV segment 22 years ago, the original Highlander redefined the midsize family SUV when it arrived in 2001. At a time when most midsize SUVs were truck-based, the Highlander’s unibody structure with four-wheel independent suspension quickly became the template for a new segment of more comfortable and family-friendly SUVs. After adding a third row, the Highlander not only grew in size, but is also now the best-selling retail model in the segment since 2016.

Now, the 2020 Highlander amplifies all qualities while taking on a dramatic new design direction that combines a powerful SUV presence with sophisticated detailing.

The new sophisticated SUV sits on a new vehicle platform called Toyota New Global Architecture (TNGA-K). This robust new foundation, shared with other Toyota models, enables even greater capability, comfort and safety than before.

The fourth-generation Highlander offers the choice between a powerful V6 or new-generation hybrid powertrain, with the gas version offering up to a manufacturer-estimated 24 MPG combined fuel economy and the Hybrid offering up to a manufacturer-estimated 36 combined MPG.

Whether they’re young families or empty nesters exploring a new chapter in life, safety remains the top priority for Highlander customers. Toyota Safety Sense 2.0 comes standard in all models in the 2020 Highlander. This comprehensive active safety system includes:

Pre-Collision System with Pedestrian Detection (PCS w/PD)
Full-Speed Range Dynamic Radar Cruise Control (DRCC)
Lane Departure Alert with Steering Assist (LDA w/SA)
Automatic High Beam (AHB)
(New) Lane Tracing Assist (LTA)
(New) Road Sign Assist (RSA)

Pre-Collision System with Pedestrian Detection offers automatic braking capability under certain circumstances should the driver not react in time in a system-detected emergency situation. Blind Spot Monitor (BSM) with Rear Cross Traffic Alert (RCTA), Parking Support Braking and Intelligent Clearance Sonar (ICS) are available depending on the model grade.

The 2020 Highlander delivers renowned Toyota value in a choice of five grades, starting with a new L grade, then layering amenities and technology in LE, XLE, Limited and the top-of line Platinum. (The hybrid is offered on all but the L grade.)

The 2020 Highlander offers cutting-edge entertainment and connectivity for all ages through its intuitive and versatile multimedia system, including a new 12.3-inch touchscreen display on the Platinum grade and 8-inch on the other models. The available new JBL Premium Sound System delivers a whopping 1,200 watts of power to turn any music source into a mobile concert.

The midsize SUV segment has become fiercely competitive, and the 2020 Toyota Highlander is ready to take on all.

The Strong, Athletic Type
A sculpted new shape with chiseled lines gives the 2020 Highlander a more powerful stance, yet with a modern, sophisticated attitude. The 2020 Highlander remains a family-friendly SUV, now with capability for bigger family adventures.

Setting off the new design, the L, LE and XLE grades feature a black front grille with silver trim, while the Limited and Platinum grades are distinguished by a black grille with chrome trim and chrome-plated lower rear fascia, premium projector headlamps and the Highlander’s first-ever 20-inch alloy wheels. The Platinum grade stands apart with silver painted front bumper and rear fascia and a unique 20-inch wheel.

Accentuating the 2020 Highlander’s bold lines, the exterior color palette carries over three colors from 2019 (Blizzard Pearl ($425 option), Celestial Silver Metallic and Midnight Black Metallic) while adding five new ones: Magnetic Gray Metallic, Moon Dust (a striking blue premium paint), Ruby Flare Pearl (a daring red premium paint), Blueprint and Opulent Amber (a deep, luxurious brown).

While Highlander’s new design will turn heads everywhere it goes, it’s also highly functional. Greater aerodynamic efficiency reduces wind noise while enhancing vehicle stability, and even the taillights and side mirror designs lend a hand.

The fourth-generation Highlander is 2.36 inches (60mm) longer, all in the cargo area to add even greater cargo volume than before. The second row slides an extra 1.2 inches further up to increase distance between the second and third rows.

The TNGA-K platform, which makes extensive use of high-strength steel, gives the Highlander a stiffer unibody structure than the previous model. Its inherent strength allows tuning for the front strut and rear multi-link suspension that enhances agility and a smaller turning circle while also providing a smoother and quieter ride than before.

The presence of takumi is evident whenever the driver experiences the Highlander’s premium touch and feel in everyday driving. Throughout vehicle development, these highly trained master craftsmen focused on the finest technical details to ensure a higher level of operating smoothness in all driving conditions,especially at everyday speeds.

Take It All with You
Looking sporty does not come at the expense of practicality in the 2020 Highlander. The L and LE grades come standard with a second-row bench for seating for eight, while the XLE and Limited grade come standard with a Captain’s Chair second row with seating for seven and the option of a second-row bench for seating for eight. Finally, the Platinum grade will come standard with a Captain’s Chair second row with seating for seven. Either way, the large rear doors provide easy access, while versatile seat folding features make it easy to enter the third row. And, passengers in the third row stay comfortable thanks to standard three-zone climate control that ensures ample flow of warmed or cooled air.

With all seat rows in use, Highlander offers 16.0 cu. ft. of carrying space behind the third row. Folding the 60/40 split fold-flat third-row seatbacks opens the space to 48.4 cu. ft., and then folding the second row raises that to 84.3 cu. ft. The versatile cargo area makes the most of its additional length with side surfaces and pockets shaped for maximum space usage.

Power, Performance and Panache … with Efficiency
Power and efficiency are a whole lot sexier when wrapped in Highlander’s striking design. The 2020 Highlander offers a choice between two advanced powertrains, a gas V6 or a new version of the Toyota Hybrid System.

The 295-horsepower 3.5-liter V6 is the epitome of smoothness. Its Toyota-innovated D-4S Injection system combines direct fuel injection with port fuel injectors to optimize efficiency, power and emissions in all conditions. Dual Variable Valve Timing with intelligence (Dual VVT-i) likewise ensures ideal response and efficiency at all engine speeds.

That translates into 295 horsepower and 263 lb.-ft. of torque, which further translates into exemplary everyday performance and generous towing capability. The Direct Shift 8-speed automatic transmission maximizes Highlander’s acceleration and highway merging capability while operating seamlessly and transparently.

On V6 models, the available towing package enables a 5,000-pound towing capacity. The package includes a heavy-duty radiator with engine oil cooler and improved fan performance. Trailer Sway Control (TSC) uses the Vehicle Stability Control to help control unwanted trailer movement.

Why use fuel when you don’t need to? The Highlander’s standard Stop and Start Engine System allows the engine to shut off when the vehicle comes to a complete stop, and then instantly restarts when the driver’s foot lifts from the brake pedal. This technology reduces fuel consumption and cuts emissions.

Hybrid Aims Even Higher
Toyota made “hybrid” synonymous with high fuel efficiency more than 20 years ago. Later, Toyota introduced the first hybrid SUV in its class, the 2006 Highlander. Leave it to Toyota to again raise the bar for hybrid SUV functionality by making the 2020 model the most fuel-efficient Highlander Hybrid ever.

The new-generation Toyota Hybrid System in the 2020 Highlander Hybrid combines a high-efficiency 2.5-liter DOHC four-cylinder engine with two electric motors in a system that’s more compact, and more efficient than before. The gas engine employs Variable Valve Timing-intelligent system by Electric motor (VVT-iE) on the intake camshaft, and VVT-i on the exhaust camshaft. A variable cooling system (electric water pump, electric thermostat) and a fully variable oil pump further improve engine efficiency.

The bottom line is an eye opener for the efficiency-minded: 243 total system horsepower and up to a manufacturer-estimated 36 combined MPG. The latter is a 24-percent improvement over the previous-generation Highlander Hybrid’s 29 combined MPG. Yet, Highlander Hybrid still delivers the everyday acceleration, power and responsiveness that family buyers expect. In another Highlander first, the hybrid is now available in either 2WD or AWD, further expanding hybrid technology to a new group of buyers.

The transaxle mounts the electric motors (MG1 and MG2) coaxially rather than in-line, and the resulting smaller and lighter package reduces frictional losses. The gas engine and MG2 work in concert to deliver dynamic performance, while both MG1 and MG2 charge the hybrid battery.

To reduce the transaxle’s size and weight, the reduction gear is now a parallel shaft gear, rather than a planetary gear, and a new multi-function gear integrates the power-split planetary ring gear, parking gear, and counter-drive gear. New computer integration and a smaller, lighter power stack installed directly above the transaxle reduce energy transmission losses.

The battery pack is small enough to be installed under the rear seats, so it does not take up any cargo or passenger space.

Seamless Everyday Performance
The Highlander hybrid delivers its exemplary fuel economy and performance without calling attention to its high-tech powertrain operation. Quite the contrary, like all Toyota Hybrid vehicles, it simply goes about its business in a transparent way. For example, the new system optimizes the level of electric motor assistance and gas engine speed without the engine running at high revs. Engine speed is synchronized with vehicle speed, yielding effortless and quiet acceleration.

As on many modern vehicles, the Highlander hybrid offers selectable NORMAL, ECO and SPORT driving modes that let the driver choose the vehicle’s performance personality. The bonus is the EV mode, which allows electric-only driving at low speeds for short distances.

SPORT mode unlocks boost from the hybrid system for improved acceleration response. ECO mode gets maximum efficiency from the fuel and battery, while NORMAL mode is ideal for everyday driving.

Special, easy-to-use hybrid tech adds an element of control and fun. Using a sequential shifting feature, the driver can “downshift” to increase the regenerative braking in steps, which fosters greater control when driving in hilly areas, for example.

The 2020 Highlander hybrid can also coach the driver to drive as economically as possible. For example, an accelerator guide function suggests an acceleration level to the driver according to the driving conditions, and a scoring function adds a measure of fun-to-eco driving.

Features for More Efficiency
Highlander hybrid’s Predictive Efficient Drive (PED) analyzes the driver’s daily driving habits and upcoming road and traffic conditions to more efficiently charge and discharge the hybrid battery accordingly alongside actual driving.

The more the vehicle is driven, the more data is accumulated, contributing to practical fuel efficiency. Many actual roads chosen to represent common usage scenarios, such as in urban congestion or on mountain roads, were driven on and analyzed to create control that feels natural to the driver when operating to enable more efficient driving.

All-Wheel Drive Gets Smarter
The 2020 Highlander gets a grip on any road with a choice of front-wheel drive or three different available all-wheel drive systems — two for the V6 models and a unique AWD system for the Highlander Hybrid. For the Highlander Gas L, LE and XLE models, the optional AWD system can send up to 50 percent of available torque to the rear wheels to counter wheel slip when necessary.

Sounding like something from a high-end sports car, Dynamic Torque Vectoring AWD with Drive Mode Select and Driveline Disconnect is available for the Highlander Limited and Platinum for even greater agility and capability. In addition to governing torque distribution between the front and rear wheels, this advanced system uses special couplings to actively manage torque distribution between the left and right rear wheels.

Dynamic Torque Vectoring AWD doesn’t need wheel slippage before springing into action. Rather, a sophisticated AWD Integrated Management (AIM) system manages Electric Power Steering (EPS), throttle control, transmission shift control and drive torque distribution to continually optimize handling.

Using the Multi-Terrain Select control dial on the console, the driver can maximize traction when driving through inclement weather or road conditions. Mud & Sand mode works well for beach driving, while Rock & Dirt mode optimizes AWD traction for trails. The driver can monitor, in real time, torque allocation and slip control on the Multi-Information Display (MID).

In addition, Highlander models include the following features for optimal on-road and off-road performance and safety:

Hill Start Assist Control (HAC)
Trailer Sway Control (TSC)
Downhill Assist Control (DAC)

All-wheel drive is a great traction partner, but it’s not needed all the time, such as during steady highway cruising. In such situations, Rear Driveline Disconnect automatically disengages drive to the rear wheels and stops the propeller shaft’s rotation. As one might guess, that reduces the energy needed to propel the vehicle and therefore reduces fuel consumption. When AWD is needed, the system instantly re-engages, without the driver even noticing.

Hybrid AWD
As with the AWD system in the previous Highlander Hybrid, the 2020 model’s AWD employs a separate rear-mounted electric motor to power the rear wheels when needed. Like the hybrid powertrain itself, the AWD works seamlessly and transparently.

The rear electric motor operates independently, with no mechanical connection between the transmission and the rear wheels. Preemptively distributing more driving force to the rear wheels, such as when accelerating, helps suppress front wheel slip during off-the-line starts. The system also enhances cornering agility by helping to reduce understeer. And, when venturing onto a trail, the increased rear-wheel torque helps move the Highlander hybrid confidently over rough or slippery surfaces.

A New Level of Comfort
From the L grade to the top-of-line Platinum, the 2020 Highlander offers its plushest accommodations ever. Designers took inspiration from luxury crafted interiors to create a more premium ambience. Details include softer padded surfaces and a more tailored look with stitching that continues from the door trim to the instrument panel. The dash integrates the multimedia and HVAC controls in an elegant and functional way.

The 2020 Highlander cabin offers improved functionality throughout, from a center console that offers available Qi wireless charging to plenty of storage spaces and USB charging ports. On Limited and Platinum grades, new ambient LED lighting sets a relaxing mood. Inset steering wheel controls are a modern luxury touch on all grades.

Highlanders have long been renowned for a quiet ride, and with the high-strength TNGA platform, Toyota pushes the bar even higher. Sound-damping and soundproofing materials have been optimized throughout the vehicle, with the takumi approach focusing particularly on minimizing noise in the frequencies that interfere with conversation. As an example, Limited and Platinum grades have adopted laminated front side window glass to further isolate the driver from outside noise.

The seating color palette enhances the sense of luxury permeating the 2020 Highlander. The L and LE grades offer comfortable woven cloth in Graphite or Black; the XLE offers embossed Softex^® artificial leather-trim in Harvest Beige, Graphite or Black, while the Limited offers those colors in perforated leather-trim. The top-of-line Platinum grade, the most luxurious Highlander ever offered, exclusively features embossed, perforated leather-trim in those three colors plus a luxuriously delicious brown called Glazed Caramel.

Multitalented Multimedia
However passengers listen to music and connect with their worlds, the 2020 Highlander is ready with the latest multimedia systems. All grades come standard with Apple Car Play^®, Android Auto, Alexa In-Car compatibility, Waze, SiriusXM^®, and Wi-Fi connectivity.

All Highlander models come equipped with Toyota Safety Connect with a one-year trial subscription.

LE and above grades offer Service and Remote Connectivity. A move up to XLE or Limited grade offers available Dynamic Navigation. A move up to Platinum grade offers standard Dynamic Navigation and the 12.3-inch screen.

The JBL^® Premium Audio System is standard for Limited and Platinum grades and rocks music of all genres with 1,200 watts of power playing through 11 speakers in nine locations. Clari-Fi^® technology breathes new life into compressed digital music formats, with the result like a mobile concert. The system will not, however, settle arguments over which music to play.

Exceptional Toyota Value, Naturally
Toyota’s typical outstanding value is clearly evident in the Highlander L grade, where the standard equipment list includes features that one might expect in an upgraded model:

Toyota Safety Sense 2.0
18-in. alloy wheels
3-zone automatic climate control
4.2-in. Multi-information Display (MID) in instrument panel
8-way power driver’s seat
Auto up/down for all power windows
Multimedia with 8-inch touchscreen display
Front seat reading lights and cargo area light.
LED headlamps and taillamps
Privacy glass on rear side, quarter and liftgate windows
Smart Key entry on front doors and back door
Auto LED headlamps with Auto High Beam

LE adds over L:

Power liftgate
Blind Spot Monitor
Additional multimedia capability
LED fog lamps
Leather-trimmed steering wheel and shift knob

XLE adds over LE:

10-way power driver’s seat
2^nd-row sun shades
4-way power front passenger seat
7-in. Multi-information display
Auto dimming rear-view mirror with garage door opener
Plated interior door handle
Heated front seats
LED fog lamps
Machined-face alloy wheels
Captain’s Chairs second row (standard)
Power tilt and slide moon roof
Roof rails
SofTex^®-trimmed seats and door trim

Limited adds over XLE:

120V 2^nd-row power outlet
20-in. Limited style alloy wheels
Ambient interior lighting
Cargo area cover
Driver’s seat memory
Hand’s-free power liftgate
Heated and ventilated front seats
“Highlander” projector puddle lamps
Perforated leather trimmed seats in Beige, Gray or Black
Metal door scuff plates
Projector beam headlamp with chrome bezels and separate, stylized DRLs
Wood interior trim
JBL^® Audio System as standard
Embedded navigation system
Laminated front side window glass
Premium Projector style headlamp

Platinum adds over Limited:

Segment-leading 12.3-in. Multimedia head unit
20-in Platinum style wheels
Adaptive, self-leveling headlamps
Additional leather seating color choice: Glazed Caramel
Digital display rear view mirror
Embossed, perforated leather trimmed seats
Head-up display
Heated 2^nd-row seats
Illuminated door scuff plates
Panoramic moonroof
Rain-sensing windshield wipers
Birds eye camera

Safety at Its Core
The new TNGA-K platform forms the foundation for exemplary collision protection in the 2020 Toyota Highlander, while a suite of standard driver-assist technologies is designed to help prevent collisions, or to mitigate their impacts.

The 2020 Highlander is equipped with the second-generation of Toyota Safety Sense (TSS 2.0). Blind Spot Monitor (BSM) with Rear Cross Traffic Alert (RCTA) are standard on LE grade and above. Rear Cross Traffic Braking (RCTB) is available with clearance sonar on Limited and above.

The standard backup camera features projected path. A Bird’s Eye View Camera with Perimeter Scan, available on Limited and standard on Platinum, provides a live rotating 360-degree view around the vehicle.

The 2020 Highlander is equipped with eight airbags, including side curtain airbags for all three rows. Toyota’s Star Safety System includes Enhanced Vehicle Stability Control (VSC), Traction Control (TRAC), Electronic Brake-force Distribution (EBD), Brake Assist (BA), Anti-lock Braking System (ABS), and Smart Stop Technology (SST).

Priced for Value
No matter the grade, every Highlander offers something to suit varying lifestyles, whether it’s for a city exploration or a weekend trip to the countryside. With five gas models and five hybrid models, the 2020 Highlander arrives at dealerships with an option for everyone.

2020 Toyota Highlander MSRP Starting Prices*
	Gas FWD	Gas AWD	Hybrid FWD	Hybrid AWD
L	$34,600	$36,200	____	____
LE	$36,800	$38,400	$38,200	$39,800
XLE	$39,600	$41,200	$41,000	$42,600
Limited	$43,650	$45,600	$45,050	$47,000
Platinum	$46,850	$48,800	$48,250	$50,200

*MSRPs exclude the Delivery, Processing, and Handling (DPH) Fee of $1,120.

Limited Warranty
Toyota’s 36-month/36,000 mile basic new-vehicle warranty applies to all components other than normal wear and maintenance items. Additional 60-month warranties cover the powertrain for 60,000 miles and against perforation from corrosion for 60 months with no mileage limitation. Hybrid-related components that require repairs needed to correct defects in materials or workmanship are covered for 8 years/100,000 miles, whichever comes first from original date of first use when sold as new. The HV battery is covered for 10 years/150,000 miles, whichever comes first, and is transferrable across ownership.

The 2020 Highlander also comes standard with ToyotaCare, a complimentary plan covering normal factory-scheduled maintenance, for two years or 25,000 miles, whichever comes first, and 2 years of Roadside Assistance, regardless of mileage.

SOURCE Toyota

Artificial Intelligence

Lithium Miners Strategize for Long-Term Gains as Market Recovers

Published

1 day ago

May 3, 2024

CISION (PR Newswire)

USA News Group Commentary
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 3, 2024 /PRNewswire/ — USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).

Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) recently filed a new Preliminary Economic Assessment (PEA), which provides support for the company to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant. As per the PEA, the project’s financial model shows a Net Present Value (NPV) after tax of US$938 million, and an after-tax Internal Rate of Return (IRR) of 31.6%, with a 2.5-year payback.
“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”
The HMN Li project is planned to use an extraction and recovery process based on conventional solar evaporation of the well brine. Magnesium and other contaminants will be removed using industry standard proven methods including liming. The concentrated lithium solution will then be processed into lithium carbonate technical grade.
The PEA announcement came just weeks after the company announced the expansion of its ongoing production well drill program. A 400 meter deep pumping well has been completed at the Alba Sabrina claim block, which at 2,089 hectares is the project’s largest. Recent efforts at the well successfully cleared out sediments, leading to the flow of clear brine with strong artesian characteristics, suggesting potential for enhanced brine extraction rates. To maximize these benefits, Lithium South has contracted a significantly larger 80-kilowatt pump, and is now completing a long term pump test. Based on results, further wells are planned for Alba Sabrina and the southern claim blocks at Viamonte and Norma Edith.
“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”
Earlier in the year, Lithium South together with the Korean conglomerate POSCO, entered into a cooperative development agreement on the HMN Li Project, representing a crucial step forward in advancing towards lithium production. Previously, towards the end of 2023, Lithium South also released an updated NI 43-101 technical report for its premier HMN Li asset, which demonstrated a significant 175% boost in its lithium resource, amounting to over 1.58 million tonnes of lithium carbonate equivalent (LCE).
According to Chile’s Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), there will be steady lithium prices in the coming months, despite the supply glut. In particular, SQM is optimistic for the second half of the year, which the company predicts will entail higher sales volumes.
“As we enter into 2024, we anticipate another robust year of growth in lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials,” said Ricardo Ramos, CEO of SQM. “However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices. We expect our average lithium prices to remain relatively stable throughout the year and our sales volumes to increase slightly during this year, subject to market conditions and any changes in supply-demand balance.”
This optimism was shared by Keith Phillips, CEO of Piedmont Lithium Inc. (NASDAQ:PLL) in an interview with Yahoo! Finance Live.
“[When it comes to mining] low prices are the cure for low prices,” said Phillips, adding that “it’s a matter of time” that prices will rebound. How fast that rebound occurs is still to be determined, however, Piedmont isn’t slowing its march.
Just recently, Piedmont received its state mining permit from the state of North Carolina, where the company owns 3,600 acres, from which it plans to mine spodumene from at least half of the area. Piedmont will then convert the material to lithium hydroxide, which is key to the manufacturing of EV batteries.
“We look forward to continued engagement with the local community and the Gaston County Board of Commissioners,” said Phillips. “We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium.”
Domestically sourced lithium is projected to become even more desirable, especially with US government incentives underway. Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) recently secured a record $2.26 billion loan from the US Department of Energy to build its Thacker Pass lithium project in Nevada.
Construction began at the site located just south of the Nevada-Oregon border in March 2023, following a lengthy and intricate legal victory over conservationists, ranchers, and Indigenous groups. Lithium Americas anticipates finalizing securing a loan later this year, pending the completion of final environmental assessments. Once the financing is in place, the company aims to commence substantial construction activities, a project slated to last three years. The initial phase of the mine is projected to yield 40,000 metric tons of battery-grade lithium carbonate annually, sufficient to supply up to 800,000 electric vehicles.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and CEO of Lithium Americas. “We have de-risked execution by advancing detailed engineering and project planning. To date, we have completed all the early-works and infrastructure required for major construction, including excavating the processing plant areas.”
Looking at multiple international lithium projects, mining giant Rio Tinto Group (NYSE:RIO) has already expressed the company remains bullish on lithium despite not currently seeking any big acquisitions. Back in March, Rio Tinto committed to spending $350 million on its Rincon lithium project in Argentina, set to commence production by the end of the year.
This comes just months after the President of Serbia expressed interest to hold further talks with Rio Tinto regarding its Jadar lithium project, after the country revoked licenses on the $2.4 billion asset in 2022. If brought to completion, the project could supply 90% of Europe’s current lithium needs, and make Rio Tinto a leading lithium producer. As well, Rio Tinto held talks with the country of Rwanda back in January for the exploration and mining of lithium in the East African nation.
“[Rio Tinto is] “excited to be partnering with the government of Rwanda, applying our global experience to accelerate the search for primary lithium deposits in Rwanda’s Western Province,” said Lawrence Dechambenoit, global head of external affairs at Rio Tinto. The move could further unlock the potential of another country’s mining sector, if successful.
Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/
CONTACT:USA NEWS [email protected] (604) 265-2873
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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Artificial Intelligence

ROLLER and Amusement Connect Announce Integration to Streamline Cashless Card Operations

Published

1 day ago

May 3, 2024

CISION (PR Newswire)

New partnership enhances guest experiences and operational efficiency across attraction venues
AUSTIN, Texas, May 3, 2024 /PRNewswire/ — In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations. This strategic partnership delivers an integration that aims to streamline the arcade experience for operators and guests alike, providing a more efficient way for entertainment venues to operate.

Through this integration, ROLLER and Amusement Connect enable the sale, top-up, and balance checks of cashless cards directly from ROLLER’s point-of-sale devices, simplifying the management of pay-to-play attractions. This move is expected to enhance operational efficiency and improve guest satisfaction by making sales smoother and more convenient. The integration also simplifies reporting by automatically recording every purchase of a cashless card, saving venue operators time and ensuring accurate tracking of purchases.
Both companies leverage cloud-based technology to ensure that venues can operate without the need for expensive servers, with the promise of continuous updates to keep the systems equipped with the latest features and improvements. This integration also introduces the option for guests to purchase game cards online through ROLLER’s online checkout, a feature designed to make the check-in process more efficient and increase average transaction values.
“Amusement Connect and ROLLER have a shared commitment to helping attractions businesses deliver exceptional guest experiences. So, we’re thrilled to partner with Amusement Connect on this integration – a trailblazing company known for great customer support and providing innovative tech. This isn’t just about upgrading our technology—it’s delivering on our promise to make every guest experience smoother and every operator’s day a bit easier,” explained Luke Finn, CEO and Founder of ROLLER.
“As we continue to innovate and collaborate with industry leaders like ROLLER, we’re thrilled to see the tangible benefits our integration brings to our customers. Together, we’re not just transforming transactions; we’re elevating experiences and driving profitability with every interaction,” commented Frank Licausi, Co-Owner of Amusement Connect.
This partnership between ROLLER and Amusement Connect represents a significant step towards more streamlined operations in the amusement industry. It offers a blend of efficiency and convenience aimed at improving the way entertainment venues operate and enhancing the overall guest experience. For more information on this integration and how it can benefit your venue, contact ROLLER or Amusement Connect directly.
About ROLLER
ROLLER is the cloud-based venue management platform for the modern attraction, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.
About Amusement Connect
Founded by Frank Licausi and John Tarpley in 2017, our comprehensive game card system, accompanied by a variety of products, provides a complete overview on games and attractions in settings like bars, arcades, FEC’s, and multi-location entertainment centers. As operators and industry experts, we bring innovation, value, and the best possible experiences to entertainment venues with our award-winning game card system. Bringing you more at amusementconnect.com.

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Artificial Intelligence

Computer Vision in Healthcare Market Worth $11.5 billion | MarketsandMarkets™

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1 day ago

May 3, 2024

CISION (PR Newswire)

CHICAGO, May 3, 2024 /PRNewswire/ — Computer Vision in Healthcare Market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The market’s expansion is fueled by the exponential growth of medical imaging data which necessitates efficient analysis methods, where computer vision techniques excel in automating and enhancing diagnostic processes. Further, the demand for improved patient care and outcomes fuels the adoption of AI-driven solutions, empowering healthcare providers with precise tools for diagnosis, treatment planning, and monitoring. Nevertheless, ensuring the accuracy and reliability of computer vision algorithms remains a significant challenge, especially in complex medical imaging tasks where errors can have critical consequences. Additionally, the regulatory landscape surrounding AI-based medical devices is evolving, requiring stringent validation and approval processes, which can impede the timely deployment of innovative solutions. Thus, restraining the market.
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Browse in-depth TOC on “Computer Vision in Healthcare Market”
505 – Tables55 – Figures379 – Pages
Computer Vision in Healthcare Market Scope:
Report Coverage
Details
Market Revenue in 2024
$3.9 billion
Estimated Value by 2029
$11.5 billion
Growth Rate
Poised to grow at a CAGR of 24.0%
Market Size Available for
2022–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product & Service, Type, Applications, End User
Geographies Covered
North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Computer vision solutions for healthcare that are hosted in the cloud
Key Market Drivers
The healthcare sector is experiencing a growing need for computer vision systems
“The largest share in the computer vision in healthcare market, based on type, was attributed to the PC-based computer vision systems segment in 2023.”
The PC-based computer vision systems segment holds the largest market share in the computer vision in healthcare market in 2023. The growth of this segment is propelled by factors such as PCs offering robust computational power, enabling real-time processing of complex algorithms required for tasks like medical image analysis. Also, PCs provide flexibility and scalability, allowing users to customize hardware configurations and software solutions according to specific requirements. This versatility makes them adaptable to various healthcare settings, from small clinics to large hospitals.
“In 2023, the patient activity monitoring/fall prevention segment demonstrated the most significant growth in the computer vision in healthcare market based on hospital management by type.”
The patient activity monitoring/fall prevention segment is expected to experience the highest growth in the computer vision in healthcare market. The key drivers for this growth include the aging population worldwide that has led to an increased focus on elderly care and fall prevention initiatives. Computer vision systems offer non-intrusive and continuous monitoring of patients’ movements, enabling early detection of potential fall risks and timely intervention to prevent accidents. Also, the growing adoption of wearable devices and smart sensors integrated with computer vision technology allows for seamless monitoring of patients’ activities both inside healthcare facilities and at home. This remote monitoring capability enhances patient safety and independence while reducing the burden on caregivers and healthcare resources.
“North America accounted for the largest share of the healthcare simulation market in 2023.”
In 2023, North America held the largest share in the computer vision in healthcare market, with Europe and Asia Pacific following. The significant presence of North America in the global market can be attributed to factors such as region’s strong focus on improving patient outcomes and reducing healthcare costs which incentivizes the integration of computer vision solutions to streamline processes, enhance diagnostics, and optimize treatment pathways.
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Computer Vision in Healthcare Market Dynamics:
Drivers:
The healthcare sector is experiencing a growing need for computer vision systemsRestraints:
The resistance of medical practitioners towards adopting AI-based technologiesOpportunities:
Computer vision solutions for healthcare that are hosted in the cloudChallenge:
Lack of curated dataKey Market Players of Computer Vision in Healthcare Industry:
The key players functioning in the computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China), KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The break-down of primary participants is as mentioned below:
By Company Type – Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%By Designation – C-level: 42%, Director-level: 31%, and Others: 27%By Region – North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231790940
Recent Developments of Computer Vision in Healthcare Industry:
In April 2024, iCAD partnered with RAD-AID to enhance breast cancer detection utilizing the AI technology in underserved regions and low- and middle-income countries (LMICs).In March 2024, Microsoft and NVIDIA have broadened their longstanding collaboration with robust new integrations that harness cutting-edge NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.In February 2022, Advanced Micro Devices acquired Xilinx. This acquisition established the forefront leader in high-performance and adaptive computing, with a significantly expanded scale and the most formidable portfolio of leadership computing, graphics, and adaptive SoC products in the industry.Computer Vision in Healthcare Market – Key Benefits of Buying the Report:
This report will enrich established firms and new entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (Increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies), restraints (Reluctance of medical practitioners to adopt AI-based technologies), opportunities (Cloud-based healthcare computer vision solutions), and challenges (Rising security concerns related to cloud-based image processing and analytics) influencing the growth of the computer vision in healthcare market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the computer vision in healthcare market.Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the computer vision in healthcare market.Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the computer vision in healthcare market like NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US).Related Reports:
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Get access to the latest updates on Computer Vision in Healthcare Companies and Computer Vision in Healthcare Market Size
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