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TomTom Applauded by Frost & Sullivan for Helping Drivers Navigate Complex Roadway Environments with its Detailed Orbis Maps for Automated Driving

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TomTom

TomTom’s advanced multi-source in-vehicle navigation services cover broader areas and offer enhanced details and accuracy to ensure vehicles are safer, more connected, and increasingly autonomous.

SAN ANTONIO, June 19, 2024 /PRNewswire/ — Frost & Sullivan recently assessed the automotive map industry, and based on its findings, recognizes TomTom with the 2024 Global Customer Value Leadership Award. The company is a trailblazer in developing location technology and digital mapping solutions.


TomTom

Over the past three decades, TomTom has refined personal navigation and unlocked the potential for mapmaking with its real-time, community-driven mapping technologies. Today, the company sets new global standards and offers a robust foundation for innovators, original equipment manufacturers (OEMs), automakers, developers, and businesses of all sizes to tailor mapping solutions to their specific needs. To inspire innovation, the company leverages cutting-edge artificial intelligence and partnerships with leading technology companies to build fresh, accurate, and interoperable maps.

TomTom’s Orbis Maps distinguish it in the market and highlight its superior value proposition over competitors in automated driving. It allows users to enhance base maps with routing datasets and real-time traffic information for a precise estimated time of arrival, simplify on-demand services with detailed street maps and points of interest, identify optimal routes and charging points for electric vehicles, and improve driver safety with predictive maneuvers for automated vehicles.

TomTom’s ADAS and HD map layers provide a border-to-border, highly accurate, and realistic representation of the roadway, including essential details for advanced driving applications. The HD layers revolutionize automated driving systems with their three-dimensional geometry and provide an exact model of the surrounding environment, allowing vehicles to navigate with unprecedented precision of up to 25 centimeters. The advanced mapping solutions’ crucial functionalities for modern vehicles include:

Speed warnings, intelligent speed assistance, and adaptive cruise control Eco-routing and traffic sign recognition, Nuanced navigation and maneuvering with lane-specific driving information, from recognizing lane dividers to adhering to speed limits, intelligent speed adaptation, and speed warning, Advanced lane guidance and hands-free driving, Highly precise vehicle positioning with minimal data usage, and Robust feedback mechanisms for continuous enhancement of capabilities.

Manuel Albornoz, Best Practices Research Analyst, Frost & Sullivan, observed "TomTom delivers its technology across various markets, including enterprise, government, automotive, and consumer sectors. The company offers superior location-based services that span over 200 countries and territories. This expansive coverage relies on community-driven insights, local expert knowledge, and traditional data sources such as field surveys and satellite imagery. The result is a vibrant, dynamic representation of the world that caters to the needs of over five billion people globally."

TomTom offers a nuanced, constantly updated view of traffic conditions by leveraging data from over five trillion consumer-driven points, road sensors, and incident reports, providing the most accurate real-time traffic information. This gives the company a competitive edge in the industry. It enables real-time navigation adjustments and provides a foundational dataset for predicting traffic flow, identifying bottlenecks, and planning future road network improvements.

The company’s customer-centric strategies, authentic approach, flawless execution, and diverse portfolio, including partnerships with over 30 car brands and over 14 million vehicles deploying its advanced driver assistance systems – ADAS – foster its market leadership.

"TomTom’s ability to innovate in speed assist, lane control, and comprehensive high-definition maps enhances driving experience across various vehicle brands. Furthermore, TomTom’s scalable solutions respond to the immediate needs of its diverse customer base and anticipate future demand, solidifying its reputation as a leader in delivering customer-centric mapping solutions," added Kamalesh Moharangam, Research Manager at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

Contact us:
Start the discussion. Contact us: Start the discussion.

Contact:
Lindsey Whitaker
P: 1.210.477.8457
E: [email protected]

 

Source : TomTom Applauded by Frost & Sullivan for Helping Drivers Navigate Complex Roadway Environments with its Detailed Orbis Maps for Automated Driving

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Tsinghua University hosts dialogue on China-LAC investment, development

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Li Luming, president of Tsinghua University, speaks at a dialogue on China

BEIJING, June 19, 2024 /PRNewswire/ — This is a report from China.org.cn

Ambassadors of Latin America and the Caribbean (LAC) to China gathered on Tuesday at Tsinghua University to discuss China’s investments in and the development of LAC countries. Over 30 diplomatic envoys and representatives from 17 LAC countries attended the event.

In his welcome speech, Li Luming, president of Tsinghua University, highlighted the significant progress in China-LAC cooperation over the past decade within the framework of the China-CELAC Forum. He said the shift in Chinese investments toward "new infrastructure" industries, such as ICT, renewable energy, and high-end manufacturing, reflect a shared commitment to quality and sustainable development.


Li Luming, president of Tsinghua University, speaks at a dialogue on China’s investments in and the development of LAC countries at Tsinghua University in Beijing on June 18, 2024.

He also emphasized Tsinghua’s dedication to expanding cooperation with Latin American and Caribbean partners, and said he looks forward to building on collective expertise and positive expectations to reach a thriving future.

Fernando Lugris, Uruguayan ambassador to China, described the event as "timely" and "meaningful." He discussed China’s pivotal role in the sustainable development of the LAC region, and said China is a key partner with Uruguay in trade, finance, and investment. With this year being the 10th anniversary of the China-CELAC Forum, Lugris called for increased high-quality Chinese investments in sectors like science, technology, and innovation.


Senior diplomats of LAC countries attend a dialogue on China’s investments in and the development of LAC countries at Tsinghua University in Beijing on June 18, 2024.

Cai Wei, director general of the Department of Latin American and Caribbean Affairs of the Ministry of Foreign Affairs, said China’s investment and development initiatives in the LAC region are driven by principles of equality, mutual benefit, and cultural inclusivity. He said he hopes the two sides can uphold openness, continue to collaborate, reject protectionism, and together promote global economic recovery.

Also at the event, Chen Taotao, director of Tsinghua University’s Latin American Center, spoke on China’s current and future investments in the LAC region. In addition, Liao Ying, director of the Center for Global Competence Development at Tsinghua University, introduced initiatives for enhancing Tsinghua students’ global competence and overseas experiences.

Ambassadors from LAC countries also engaged in a roundtable discussion on the event’s theme. They echoed the significance of the event in fostering mutual understanding, and expressed hopes to strengthen exchange and cooperation with Tsinghua University.

In his closing remarks, Yang Bin, vice president of Tsinghua University, said the strong, growing relationship between China and LAC countries is built on mutual understanding and cooperation despite geographical distances. The event will undoubtedly pave the way for more pragmatic cooperation in areas such as economic development, youth empowerment, artificial intelligence, and online education, Yang said.

The event was hosted by Tsinghua University and co-organized by the university’s Latin America Center, the Institute for Global Development, the Center for Global Competence Development, and the Center for China-Latin America Management Studies of the School of Economics and Management.

Tsinghua University hosts dialogue on China-LAC investment, development

http://www.china.org.cn/china/2024-06/19/content_117262723.htm

 

Source : Tsinghua University hosts dialogue on China-LAC investment, development

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Moody's Awards Investment-Grade "A-bf" Rating to OpenEden's Tokenized T-Bills

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It is the first and only tokenized US T-Bill product globally to receive a rating from the credit ratings agency. OpenEden Group is raising fresh funding to expand use cases for TBILL tokens.

SINGAPORE, June 19, 2024 /PRNewswire/ — The global credit rating agency, Moody’s Ratings, has awarded an "A-bf" bond fund rating to Hill Lights International Limited – the regulated fund that issues OpenEden’s tokenized U.S. T-bills.

The rating places OpenEden’s TBILL tokens within the "investment-grade" quality category. According to Moody’s Ratings and Symbols Definitions:  "Money Market Funds and Bond Funds rated A … are judged to possess many favorable investment attributes and are considered as upper-medium-grade investment vehicles".

An Industry First

As tokenized real-world assets ("RWA") have surged in popularity, T-bills, in particular, have proven a popular choice for many issuers, including the likes of Franklin Templeton’s "BENJI" token, and BlackRock’s rival "BUIDL" token.

Other notable tokenized T-Bill issuers include Ondo Finance, Maple Finance, Matrixport, and Backed Finance, according to a survey of tokenized U.S. T-Bills published in a "Crypto Treasury Management" guide for Web3 CFOs late last year.

However, OpenEden is the first, and only tokenized US T-Bill product globally to receive a credit rating.

Eugene Ng, Co-Founder of OpenEden said, "Receiving an ‘A’ rating from Moody’s is a significant milestone for the industry, and a vote of confidence in our tokenized T-Bill platform. It validates our dedication to building a reliable primitive for the DeFi ecosystem to access yields from tokenized U.S. Treasury Bills".

Growing Network of Partners to Expand TBILL Utility

While T-Bills have largely been held as an alternative to cash, tokenization enables greater utility for the asset class. The Company is actively partnering with more payments companies, DeFi protocols, crypto wallets, and other Web3 apps to enable users to access US T-bills yields across different blockchains.

For instance, institutions can use their TBILL tokens as eligible collateral for financing, thanks to a partnership with Hidden Road Partners and Standard Chartered’s Zodia Custody.

Traditional financial institutions like hedge funds, buy-side trading firms, and corporate treasuries can also easily access OpenEden’s TBILL tokens via its custody partners like BitGo, HexTrust, and SCB-backed Rakkar Digital.

OpenEden is also raising a fresh round of funding to introduce on-chain yields into more payment-focused use cases. It plans to close the funding round in the coming months.

Jeremy Ng, Co-Founder at OpenEden explained: "Yields attract investors to acquire and hold crypto. But payments keep people using crypto to facilitate a greater share of economic activities. Improving access to reliable, yield-bearing payment instruments is key to onboarding crypto’s next-billion users".

About OpenEden Group (www.openeden.com)

OpenEden is building the bridge to a new financial system. Our mission is to bring real-world assets on-chain to unlock trillions of dollars in value.

Telegram: @BTCMoonLord 

Source : Moody's Awards Investment-Grade "A-bf" Rating to OpenEden's Tokenized T-Bills

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Invitation to Autoliv's Q2, 2024 Earnings Call

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STOCKHOLM, June 19, 2024 /PRNewswire/ — Autoliv Inc., plans to publish its Financial Report for the second quarter 2024 on Friday, July 19, 2024 at 12:00 Central European Time (CET).

The report will be available at www.autoliv.com 

In addition, a teleconference will take place the same day.

Q2 2024 Earnings Call:

Date:

July 19, 2024

Time:

14:00 – 15:00 CET

Main speaker:

Mikael Bratt, President & CEO

 

To attend by webcast, please use the link on our web or the link below:

https://edge.media-server.com/mmc/p/eojsek8b

To attend by phone, use the link below to register your participation and obtain your personal pin code and phone number: 

https://register.vevent.com/register/BI2908f8aa83c14fbea5a1751027ef2e59

Audio replay will be available after the conference until July 19, 2025:

www.autoliv.com/investors/reports-presentations-transcripts 

Transcript will be available on www.autoliv.com/investors/reports-presentations-transcripts

For more information about Autoliv, please visit www.autoliv.com

 

Best regards,

Anders Trapp
V.P. Investor Relations 
Email:[email protected] 
Phone: +46 (0)8 587 206 71

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/autoliv/r/invitation-to-autoliv-s-q2–2024-earnings-call,c4003625

 

Source : Invitation to Autoliv's Q2, 2024 Earnings Call

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Tan Xuguang: Unveiling New Quality Productivity in Power Solutions for Asia-Pacific Data Centers!

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SINGAPORE, June 19, 2024 /PRNewswire/ — As part of the strategic initiatives of Shandong Heavy Industry Group aimed at fostering new quality productivity and exploring incremental business opportunities abroad, Tan Xuguang led an investigative mission from June 18th to 19th focused on data center generator projects in Johor Bahru, Malaysia, and Singapore. The study involved comprehensive assessments of power product demand from high-profile data center clients and evaluated Weichai Group’s industrial chain ecosystem. This effort was aimed at accelerating the development of new quality productivity strategically.

The collaborative endeavor aimed to establish a model data center project in the Asia-Pacific market. On June 18th morning, Tan Xuguang conducted site visits to both operational and ongoing data center projects in Johor Bahru, Malaysia. Johor Bahru is recognized as a pivotal hub for data center infrastructure development in the Asia-Pacific region. During these visits, Tan Xuguang gained detailed insights into the operational efficiency of Weichai’s generator units, which constituted a primary focus of the investigation. The project managers provided updates on construction progress and highlighted the integration of Weichai’s Baudouin generator sets, expressing strong confidence in the Weichai brand and a mutual interest in collaboratively setting high benchmarks for data center projects.

Efforts were also directed towards establishing a novel ecosystem within the data center power solutions industry. During the afternoon of June 18th and the morning of June 19th, Tan Xuguang visited generator set facilities operated by partners in Johor Bahru, Malaysia, and Singapore. Emphasizing the rapid global expansion of artificial intelligence and its consequential surge in data computing demands, Tan Xuguang highlighted the strategic window for Weichai Group’s transition into the data center sector. This transition aims to expedite the establishment of a robust ecosystem tailored to meet the needs of global high-end clientele. Key priorities included aligning research and development initiatives with market demands, fostering international partnerships, and collectively delivering comprehensive power solutions for advancing data center constructions. The initiative also sought to explore untapped "blue ocean" markets and swiftly implement new quality productivity within the group’s operational framework.

Source : Tan Xuguang: Unveiling New Quality Productivity in Power Solutions for Asia-Pacific Data Centers!

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DEAC & DLC data centers strengthen position in Northern Europe with new brand Delska

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DEAC and DLC merged into a new brand Delska.

RIGA, Latvia, June 19, 2024 /PRNewswire/ — DEAC and Data Logistics Center (DLC) celebrate 25 years of data center and network expertise by merging into a joint brand, Delska. This strategic merger will benefit businesses, offering sophisticated solutions for reliable operations of IT infrastructure and networks across multiple locations.


DEAC and DLC merged into a new brand Delska.

Both companies have been part of the Baltic Rezo group, owned by Swiss Quaero European Infrastructure Fund II and managed by Quaero Capital since 2020, accelerating development and infrastructure expansion. The legal entities will stay the same.

Andris Gailitis, DEAC and DLC CEO, comments: "We are embarking on an exciting rebranding journey, which involves closer cooperation between companies and an expanded services portfolio to meet IT challenges of our customers from over 40 countries. The heart of the new brand is customers and personal approach to their business. Our strength lies in custom solutions for specific business and industry needs."

Delska’s values are openness, flexibility, and reliability. Both companies still emphasize security, quality, and sustainability by using green energy and Neste MY diesel from HVO for backup power generators.

AI boom, increased demand for large-scale data processing, edge and high-power computing have accelerated the construction of data centers. To keep up with the lack of power capacities in major European hubs, a new 10 MW data center in Latvia is under construction. It will be one of the region’s most sustainable, with LEED and Tier III certifications, scheduled for launch in 2025. Flexible options of up to 100kW per rack and 1000 racks are available for pre-booking, and the construction project can be adapted by expanding up to 50 MW.

Delska’s growth plans include building a new data center in Lithuania, and additional players joining the group soon to build a strong regional data center and network ecosystem. Several owned data centers in Riga and Vilnius and points of presence in Frankfurt, Amsterdam, and Stockholm ensure customers’ business continuity with disaster recovery solutions.

Delska offers a comprehensive range of IT services – cloud, dedicated servers, security, network solutions, and managed services. "In addition to currently available virtual machine deployment on our self-service platform, built for SMBs, developers, and startups, this year we will implement instant bare metal service to simplify IT people’s lives even further," emphasis A. Gailitis.

Learn more: www.delska.com

 

Source : DEAC & DLC data centers strengthen position in Northern Europe with new brand Delska

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CMT Research Foundation Invests in ReviR Therapeutics Research to Pioneer Small Molecule Therapeutics for CMT1A

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ATLANTA, June 19, 2024 /PRNewswire/ — The CMT Research Foundation, a non-profit focused solely on delivering treatments and cures for Charcot-Marie-Tooth disease (CMT)*, has formed a strategic partnership with ReviR Therapeutics to advance small molecule therapeutics that modulate the expression of the gene that causes CMT1A. 

ReviR Therapeutics is developing a class of drugs called small molecule splice modulators, which can regulate the expression of a gene by influencing which components of the genetic code get included in the final version of the RNA transcript. In this project supported by the CMTRF, ReviR Therapeutics will develop a splice modulator that will reduce the expression of the disease gene, which is overexpressed in CMT1A and is the cause of disease symptoms. A benefit of this type of drug is that it can be taken orally, making it much more convenient for patients compared to the injections required for other approaches. The technologies and approaches from ReviR Therapeutics could revolutionize treatment paradigms not only for CMT1A but potentially for other forms of CMT and other neurodegenerative disorders as well. 

"Our platform technology at ReviR represents a radical departure from traditional genetic therapies that often require invasive administration methods," says Peng Yue, Ph.D., Chief Executive Officer and Co-founder of ReviR Therapeutics. "We have designed small molecules that can be taken orally, cross the blood-nerve barrier, and directly interact with mRNA to modulate splicing. The splicing change will cause mRNA destruction and will effectively reduce disease-gene protein levels to address the genetic basis of CMT1A."

"Collaborating with ReviR Therapeutics aligns perfectly with CMTRF’s mission to accelerate the development of therapies that can halt or even reverse the progression of CMT," says Cleary Simpson, CEO of the CMTRF. "Their cutting-edge technology has the potential to transform the lives of those living with this chronic condition by providing a non-invasive, potent, and easily administrable treatment option."

The experiments in this project will validate the effectiveness of these splicing modulators in cell models of CMT1A, with the goal to quickly advance to animal studies and, eventually, clinical trials.

"We are deeply committed to this research program and I’ve spent the last decade examining new approaches to treat CMT patients safely and effectively," Dr. Paul August, Chief Scientific Officer of ReviR Therapeutics and who serves on CMTRF’s scientific advisory board, adds, "Our goal is not just to innovate but to apply our innovations in ways that offer real, tangible benefits to patients. By reducing disease-gene protein levels with an orally administered drug, we hope to provide a therapy that is both effective and aligns with everyday life, minimizing the psychological and physical toll of CMT1A."

"ReviR Therapeutics has developed a groundbreaking type of medication called SpliceR, which belongs to a new category of genetic treatments. These treatments work by tweaking the process of how genetic information is used to make proteins, a process somewhat similar to the way the FDA-approved drug Risdiplam treats spinal muscular atrophy. Risdiplam helps by adjusting a gene to produce a vital protein needed by the body," explains Dr. August.

"Similarly, ReviR’s SpliceR drugs make adjustments to the genetic information but in a different way. SpliceR drugs add a piece to the genetic message that tells the body to stop expressing the protein and the position of this stop signal leads to the reduction of problematic proteins. This approach could be a big step forward compared to some other gene therapies, making treatment less burdensome and more accessible."

ReviR Therapeutics is an emerging biopharmaceutical company focused on the development of RNA-targeting small molecule therapies that modulate the causal genes of CNS diseases, cancer, and other rare genetically defined diseases. The company is utilizing cutting-edge technologies to develop therapies with the goal of developing disease modifying therapies that are efficacious, safe, and specific. The company’s initial focus is to apply SpliceR modulation technologies towards RNA targets of genetic diseases with limited or no treatment options. ReviR Therapeutics was founded in 2021 and headquartered in Brisbane, CA.

CMT Research Foundation (CMTRF) is a patient-led, non-profit focused on delivering treatments and cures for CMT. The foundation identifies significant obstacles or deficiencies impeding progress toward a cure and seeks out collaborators to address these issues. To date, CMTRF has funded 24 projects, of which 8 are completed. Of those 8 completed projects, 5 have clinical candidates. CMTRF’s mission to invest in promising science with high potential of leading to treatments and cures was proven effective and ground-breaking when DTx Pharma with a CMTRF- backed program as its lead candidate was acquired by Novartis for $1 billion. Founded by two patients who are driven to expedite drug delivery to people who live with CMT, the 501(c)(3) federal tax-exempt organization is supported by personal and corporate financial gifts. 

*Charcot-Marie-Tooth encompasses a group of inherited, chronic peripheral neuropathies that result in nerve degradation. CMT patients suffer from progressive muscle atrophy of legs and arms, causing walking, running and balance problems as well as abnormal functioning of hands and feet. CMT affects one in 2,500 people (about the same prevalence as cystic fibrosis), including 150,000 Americans and nearly 3 million people worldwide. At the moment, there is no treatment or cure for CMT.

 

Source : CMT Research Foundation Invests in ReviR Therapeutics Research to Pioneer Small Molecule Therapeutics for CMT1A

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TelePIX Selected as 2024 Technology Pioneer by World Economic Forum

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TelePIX has been named a 2024 Technology Pioneer by the World Economic Forum

SEOUL, South Korea, June 19, 2024 /PRNewswire/ — TelePIX, a leading South Korean space startup, has been honored as a 2024 Technology Pioneer by the World Economic Forum (WEF). This prestigious recognition highlights TelePIX’s innovative contributions to the global tech landscape.


TelePIX has been named a 2024 Technology Pioneer by the World Economic Forum

As a Technology Pioneer, TelePIX will collaborate with other Technology Pioneers and global leaders, providing valuable insights and expertise to WEF’s global initiatives. This recognition places TelePIX among an elite group of companies acknowledged for their innovative solutions and potential to address pressing global economic and social challenges.

The World Economic Forum, an International Organization for Public-Private Cooperation, hosts the annual Davos Forum, where business leaders, politicians, and journalists gather to discuss critical global issues. Each year, the WEF selects 100 leading tech startups as Technology Pioneers. This year, the focus is on companies making breakthroughs in AI for clean energy solutions, healthcare and biotechnology advancements, and innovations in space and neurotechnology.

This year’s cohort includes nine pioneering space companies, such as satellite manufacturers and space data firms. TelePIX is proud to be among these distinguished companies.

TelePIX specializes in developing high-resolution electro-optic payload solutions using satellite imagery to create new value in various industries. The company has introduced the AI-based satellite, BlueBON, which monitors blue carbon in marine ecosystems. This innovation earned TelePIX the Innovation Award in the ‘Human Security for All’ category at CES 2024. Additionally, TelePIX provides a commodity supply chain monitoring solution using satellite imagery. 

In collaboration with NVIDIA, TelePIX developed TetraPLEX, a high-performance AI processor designed for in-space edge computing. TetraPLEX enables efficient, on-the-spot data analysis directly within the satellite, significantly reducing both the time and cost associated with traditional ground-based processing. The processor will undergo an in-orbit demonstration in July, validating its performance and reliability in space.

"Satellite data is crucial for understanding our world and will continue to significantly impact the environment, economy, and society," said Seongick Cho, CEO of TelePIX. "We are committed to leveraging our technology to address global problems through collaboration with international leaders. This recognition marks the beginning of TelePIX’s journey to become a global leader in spaceborne AI solutions."

About TelePIX
TelePIX, a member of Global Digital Innovation Network (formerly known as Born2Global Centre), is making big waves in the small satellite scene. Founded in 2019, the company is quickly emerging as a leader in nanosatellite development and satellite imagery data analytics solutions, democratizing access to space and its valuable data. Their advanced technologies unlock a universe of possibilities, from Earth observation and big data analysis to on-orbit AI.

Witness the next frontier of space exploration with TelePIX’s upcoming launch, as the New Space takes flight.

Source : TelePIX Selected as 2024 Technology Pioneer by World Economic Forum

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