The new collaboration aims to help increase the safe, widespread deployment of electric vehicle battery technology as global electric vehicle adoption rises.

NORTHBROOK, Ill., Dec. 14, 2023 /PRNewswire/ — UL Solutions, a global leader in applied safety science, and Hyundai Mobis North America Electrified Powertrain LLC, an affiliate of Hyundai Mobis, a global auto parts company focusing on autonomous driving, connectivity, and electrification, signed a memorandum of understanding (MOU) to collaborate on the safety and performance of electric vehicle (EV) batteries. The relationship sets the stage to help increase confidence that safer, higher-performance EV batteries are entering the supply chain as EV adoption rises globally.

UL Solutions and Hyundai Mobis representatives join together at the UL Solutions headquarters in Northbrook, Illinois, to celebrate the signing of a memorandum of understanding (MoU) between the two organizations. The MoU sets the stage for a collaboration focusing on the safety and performance of EV batteries.

With this MOU, the two companies will collaborate in North America on evaluating EV battery performance, including validating for reliability, performance, and safety parameters, and testing to confirm regulatory compliance. This work will take place primarily at the UL Solutions North America Advanced Battery Laboratory, which is expected to open in mid-2024 in Auburn Hills, Michigan. In addition, Hyundai Mobis North America Electrified Powertrain has pledged to engage with UL Solutions in standards development working groups addressing EV safety and performance.

"Safety and performance are critically important to keep pace with the progress of lithium-ion battery technology and increase consumer and stakeholder confidence in global production, use, and transport," said Milan Dotlich, vice president and general manager of the Energy and Industrial Automation group at UL Solutions. "We are pleased that Hyundai Mobis North America Electrified Powertrain values our expertise and capabilities to support them in driving enhanced performance, reliability, and safety of their products and to identify approaches for improving EV battery outcomes that help advance EV adoption." 

"We are eager to collaborate with UL Solutions and share our learnings with the EV battery industry to help advance the safety and performance of their innovations," said Sungkuk Park, president of Hyundai Mobis North America Electrified Powertrain. "This will be critical to the safe and seamless adoption of battery-powered transportation."

Hyundai Mobis currently operates EV production bases in nine locations around the world and is developing six new EV production bases in South Korea, North America, and Indonesia. The company continues to expand investments and collaborations with leading organizations focusing on electrification.

About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers’ products and reflect an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.

About Hyundai Mobis
Hyundai Mobis is the world’s sixth-largest automotive supplier, headquartered in Seoul, South Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting and automotive electronics. Hyundai Mobis operates its R&D headquarters in South Korea, with four technology centers in the United States, Germany, China and India. For more information, please visit the website at https://www.mobis.co.kr/.

Press contacts:
Steven Brewster
UL Solutions
[email protected]
[email protected]
T: +1 (847) 664.8425

Tyler Khan
UL Solutions
[email protected]
[email protected]
T: +1 (847) 664.2139

Source : UL Solutions and Hyundai Mobis North America Electrified Powertrain Sign MOU to Advance Safety and Performance of Electric Vehicle Batteries

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The partnership taps into the rapidly expanding global cashback market, which gives consumers greater control over their finances through instant rewards

LONDON, Dec. 14, 2023 /PRNewswire/ — Runa, the global digital value infrastructure for instant B2C payments, today announced its expanded partnership with ShopBack, the largest cashback and rewards platform in Asia-Pacific, offering Australians cashback on purchases at more than 4,000 online, in-store and gift card brands, including household brands like Chemist Warehouse, Amazon, The ICONIC, and eBay.

The global cashback market is set to reach $5.7 billion by 2031, and its rising popularity is due to its ability to give consumers greater control over their finances, allowing them to counteract rising costs through the use of instant, easy rewards. ShopBack has given over $190M of cashback to Australian consumers, and Runa has extensive experience of driving innovation in the cashback industry through its global network of over 2,500 merchants.

"Expanding our partnership with ShopBack will offer users an even more rewarding experience, redefining the way they shop, store, and save their money," said Aron Alexander, CEO and Founder of Runa. "Looking forward, we envision leveraging this partnership to continue driving innovation in the cashback and rewards space."

"We’re excited to partner with Runa to expand our cashback offerings for our Australian customers," said Angus Muffet, General Manager of ShopBack. "New collaborations like this demonstrate our commitment to finding new and interesting ways to enhance the shopping experience for our users."

With Runa’s full-stack offering and expansion into the APAC region, businesses can integrate once and have the ability to send payouts to Australia and 35+ other countries. Global businesses will now be able to offer their customers an expanded range of payout types, including 29 payout types in Australia and 121 payout types in Singapore.

Visit runa.io to explore the website and learn about Runa’s solutions and network.

About Runa

Runa is a digital value payments infrastructure and network that enables people to pay and get paid by anyone, anywhere, instantly. The Runa network reaches more than 2 billion people and connects merchants, organizations, and individuals for fast, affordable, and data-rich payouts in more than 40 countries and 25 currencies. 

Organizations of all types rely on Runa’s infrastructure to power the movement of digital value and better serve their constituents. Runa provides direct connections to its network partners, enabling value to move more efficiently and economically than legacy solutions. Thousands of the world’s top brands use Runa to reward, incentivize, and disburse funds.

Runa is headquartered in London with a globally distributed team. Our investors include Element Ventures, CommerzVentures, Clocktower Ventures, Volution Capital, AlbionVC, and SAP

For more information, visit runa.io.

Media Contact:
Ben Crome
Headline Media
[email protected]
UK: +44 7481 249328

Source : ShopBack and Runa Partner to Offer Enhanced Cashback Rewards To Consumers

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PACIFICA, Calif., Dec. 14, 2023 /PRNewswire/ — Four more news sites in the United States, Canada and Hong Kong have earned the Trust Mark in recognition of their commitment to trustworthy journalism, announced the Trust Project®. They join hundreds of news outlets globally that show and uphold the 8 Trust Indicators® on their pages.

The Trust Indicators explain who and what is behind a news site.

The Trust Indicators® – a "gold standard" in journalism transparency—show who and what is behind a news story. They emphasize practices that ensure honest journalism serving the public interest, including the separation of opinion and paid content from news, the protection of newsgathering from funder or government interests, and a commitment to impartiality, fact-checking and correcting errors.

The Trust Indicators® are now shown for the first time on online-first sites in Colorado and Georgia:

The Colorado Sun, a nonprofit that advances understanding of issues that influence Coloradans’ health and happiness; The Current, which serves Coastal Georgia with independent, in-depth reporting on critical issues;

On the nonprofit, impartial Hong Kong Free Press, the city’s only independent English-language newspaper;

And on Xtra, which has offered proud and independent LGBTQ2S+ journalism on politics, culture, health and relationships since 1984.

The Trust Project is grateful to Craig Newmark Philanthropies and Google for enabling us to support each of these sites in the hard work of implementing the Trust Indicators.

About the Trust Project:
The nonprofit, nonpartisan Trust Project is a global network of news organizations that affirm and amplify journalism’s commitment to transparency, accuracy and inclusion. The Trust Project created the 8 Trust Indicators®, a collaborative, journalism-generated and proven standard that helps both regular people and technology companies’ machines easily assess the authority and integrity of news. Policies and standards are shaped through user research and enforced independently from the project’s funding sources. For more, visit: https://thetrustproject.org/faq/.

Media Contact
Rebecca Nowacek
[email protected]

Source : The Trust Project Adds Sites in Key Regions and Communities

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– Lunit’s strategic global leap: to acquire all of Volpara shares at AUD 1.15 per share, envisioning completion by Q2 2024

SEOUL. South Korea, Dec. 14, 2023 /PRNewswire/ — Lunit (KRX:328130.KQ), a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, today announced its proposal to acquire Volpara Health Technologies Ltd. (Volpara; ASX:VHT), a global leader in AI-enabled software for the early detection and prevention of cancer. The strategic move comes as a result of an exhaustive evaluation of potential avenues for growth and innovation by Lunit.

Lunit acquires Volpara

Following the decision, Lunit and Volpara have entered into a Scheme Implementation Agreement, under which Lunit will acquire all of Volpara’s shares at a price of AUD 1.15 per share through a New Zealand scheme of arrangement (Scheme).

"Lunit’s acquisition of Volpara signifies a pivotal moment in our commitment to advancing global cancer diagnostics. Volpara’s AI-powered mammography solutions, operational in over 2,000 U.S. medical sites, would catapult Lunit into the forefront of the American market," said Brandon Suh, CEO of Lunit. "What sets Volpara apart is not just its market presence but the depth of knowledge embedded in its development process. With a robust repository of over 100 million high-quality mammogram images, Volpara’s contribution would supercharge Lunit’s AI capabilities, paving the way for groundbreaking solutions in medical imaging. This alliance would position us to lead innovation in cancer diagnostics and therapeutics, benefitting healthcare professionals and patients alike."

The Scheme is contingent upon Volpara shareholders’ and New Zealand High Court’s approval, regulatory clearances from the New Zealand Overseas Investment Office, and fulfillment of other customary conditions outlined in the Scheme Implementation Agreement. Shareholders are expected to cast their votes at a Scheme meeting in the early second quarter of 2024. Subject to the successful completion of these steps, Lunit anticipates finalizing the acquisition by the end of the second quarter of 2024.

Key Highlights of Acquisition:

The cash offer of AUD 1.15 per share represents a compelling 47.4% premium to Volpara’s last closing share price of AUD 0.78 per share on December 13th. Lunit is set to acquire a total of 254 million shares, translating to a deal worth about AUD 292 million (USD 193 million).

The Scheme Implementation Agreement contains customary exclusivity provisions. These restrictions are subject to exclusions which permit the Volpara Board to engage on a competing proposal which is (or is reasonably capable of becoming) a superior proposal and where it is necessary to respond to such proposal to fulfill statutory or fiduciary obligations. This is subject to notifications being made to Lunit with an opportunity to match any superior proposal.

"Volpara’s Board has assessed the proposed Scheme as providing compelling, risk-adjusted value and certainty for shareholders and unanimously support the proposed transaction," said Paul Reid, Volpara Chairman. "In considering options for Volpara, including continuing to implement the Company’s growth strategy as a publicly-listed company, the Board adopted a long-term view of the risks and rewards of various alternatives. While the Board remains confident in the future of Volpara, the transaction would accelerate a capital return to shareholders and mitigates the risks that would otherwise be involved in delivering the opportunities from executing Volpara’s strategic plan over time."

"Lunit’s proposal to acquire Volpara is a testament to the high quality of our products, our significant US market presence and the hard work of our employees. By combining Lunit and Volpara, the Group would have the opportunity to develop products that no other company is in a position to do. This is expected to put the combined company at the forefront of cancer technology and position it as a global leader in our field," said Teri Thomas, CEO and Managing Director of Volpara.

"Lunit and Volpara are unified in our belief in the power of AI-driven software and together, our two organizations have the potential to create a powerful engine to better diagnose and care for cancer worldwide. Combining Volpara’s established presence in the US with Lunit’s complementing global footprint and AI expertise will create a compelling portfolio of advanced AI-enabled solutions for radiology and for other healthcare specialties," added Brandon. "We respect and admire the achievements and corporate culture that Volpara has built and believe that together we can accelerate the entry of meaningful products to market that would save lives and benefit medical practices as we jointly pursue our shared vision of conquering cancer through AI."

About Lunit

Founded in 2013, Lunit is a deep learning-based medical AI company on a mission to conquer cancer. We are committed to harnessing AI to ensure accurate diagnosis and optimal treatment for each cancer patient using AI-powered medical image analytics and AI biomarkers.

As a medical AI company grounded on clinical evidence, our findings are presented in major peer-reviewed journals, such as the Journal of Clinical Oncology and the Lancet Digital Health, and global conferences, including ASCO and RSNA.

After receiving FDA clearance and the CE Mark, our flagship Lunit INSIGHT suite is clinically used in approximately 3,000+ hospitals and medical institutions across 40+ countries. Lunit is headquartered in Seoul, South Korea, with offices and representatives worldwide. For more information, please visit lunit.io.

About Volpara Health Technologies Limited (ASX: VHT)

Volpara Health Technologies makes software to save families from cancer. Volpara helps leading healthcare providers positively impact communities around the world. They use Volpara solutions to better understand cancer risk, empower patients in personal care decisions, improve and maintain quality, and guide recommendations about additional imaging, genetic testing, and other interventions. 

Volpara’s focus on customer value means that their AI-powered image analysis enables radiologists to quantify breast tissue with precision and helps technologists produce mammograms with optimal image quality. In an industry facing increasing staff shortages, their software helps streamline operations and provides key performance insights that support continuous quality improvement. 

A Certified B Corporation, Volpara is the preferred partner of leading healthcare institutions around the world. It maintains the most rigorous security certifications and holds over 100 patents and numerous regulatory registrations, including FDA clearance and CE marking. Volpara is based in Wellington, New Zealand, with an office in Seattle. 

For more information, visit www.volparahealth.com.

Source : Lunit to Acquire Volpara: Scheme Implementation Agreement Signed

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Upwork Inc. (Upwork) transitioned from a hiring platform to a comprehensive multi-product work marketplace and set a new benchmark in the industry with its forward-thinking approach.

SAN ANTONIO, Dec. 14, 2023 /PRNewswire/ — Frost & Sullivan recently researched the hiring platforms industry and, based on its findings, recognizes Upwork with the 2023 Global New Product Innovation Award. Upwork is the world’s largest work marketplace that connects businesses across the globe with independent talent with skills in over 10,000 categories such as copywriting, graphic design, marketing, programming, and artificial intelligence services in over 180 countries.

Upwork

Upwork became the world’s work marketplace after a rebranding in 2015. The company has since evolved from a freelance hiring platform to a trendsetting multi-product work marketplace that supports a broad range of work arrangements. This shift is fueled by Upwork’s pioneering offerings, including its Talent Marketplace™, Project Catalog™, Virtual Talent Bench™, Enterprise Suite, an end-to-end solution for full-time hiring, and new artificial intelligence (AI) solutions.

These disruptive solutions make the company a well-rounded marketplace for sourcing, hiring, and engaging remote independent talent and complementing talent gaps global companies are increasingly dealing with in today’s dynamic work environment. For example, Upwork’s Project Catalog includes thousands of projects in over 300 predefined categories by independent talent that clients can easily browse, purchase, and hire to solve particular business needs. Moreover, Upwork has updated the Project Catalog with a consultation feature. Consultations allow clients to purchase and schedule individual consultations directly with talent and obtain in-depth insights from skilled experts. These advanced services exceed the expectations of the traditional hiring marketplace, allowing talent to build long-term rapport and monetize their skills to generate new business opportunities.

"Upwork’s offerings stand apart in the hiring platforms market as they tap into the changing global work and hiring climate," said Ankita Singh, senior industry analyst at Frost & Sullivan.

Upwork is also leading in its market position and has attracted leading brands such as Microsoft, Airbnb, Nestle Health Science, and Nasdaq. These high-profile clients have adopted a flexible workforce model and hire on-demand, independent talent through Upwork. Upwork’s growing customer base significantly boosts its credibility and empowers the company to add further value to its offerings.

For this reason, Upwork recently restructured its fee model to a straightforward 10% for freelancers to enhance transparency and competitiveness. This change significantly simplified the previous fee structure, better facilitating payments in the platform.

"Upwork’s commitment to delivering value to the hiring and talent communities with changes in its pricing strategy and the transition from a freelance hiring place to a marketplace that supports various work arrangements is well-placed and relevant in the current market," noted Singh.

Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.

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:

Christine Savoie
E: [email protected]

About Upwork

Upwork is the world’s largest work marketplace that connects businesses with independent talent from across the globe. We serve everyone from one-person startups to large, Fortune 100 enterprises with a powerful, trust-driven platform that enables companies and talent to work together in new ways that unlock their potential. Our talent community earned over $3.8 billion on Upwork in 2022 across more than 10,000 skills in categories including website & app development, creative & design, customer support, finance & accounting, consulting, and operations. Learn more at upwork.com and join us on LinkedIn, Facebook, Instagram, TikTok, and X, formerly Twitter.

Contact:

Christine Kim
E: [email protected] 

Source : Upwork Inc. Recognized with Frost & Sullivan's 2023 Global New Product Innovation Award for Revolutionizing the Global Hiring Platforms Industry with Its Comprehensive and Highly Differentiated Offerings

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NINGDE, China, Dec. 14, 2023 /PRNewswire/ — CATL announced today that its Liyang plant in east China’s Jiangsu Province has been recognized as one of the 21 new members of the Global Lighthouse Network (GLN) by the World Economic Forum (WEF), adding the third Lighthouse to the battery industry following CATL’s Ningde plant and Yibin plant. 

CATL’s Liyang plant in east China’s Jiangsu Province

"To address soaring demand and increasing labour costs, and to meet its carbon neutrality commitment, CATL Liyang applied big data to simulate quality-testing, additive manufacturing to reduce changeover times, computer vision to achieve micron-level quality inspection, and deep learning to optimize process controls and energy management," the World Economic Forum wrote in its announcement of the new Lighthouses on December 14th. "This has resulted in a 320% output increase, a 33% reduction in manufacturing costs, a 47.4% reduction in normalized emissions and a 99% reduction in quality defects. Defect measurement has been upgraded from ‘per million’ to ‘per billion’."

The GLN is a collaborative platform bringing together forward-thinking manufacturers leading the charge in adopting Fourth Industrial Revolution technologies. Kiva Allgood, Head of the Centre for Advanced Manufacturing and Supply Chains of the WEF said, "Lighthouses are pioneering a path to unprecedented global impact, strategically weaving innovation throughout their expansive network – sculpting both a sustainable future and an era of transformative and lasting change."

To meet the soaring market demand and contribute to the global efforts to fight climate change, CATL’s Liyang plant has leveraged innovations including artificial intelligence (AI), 3D-printing and big data analytics to boost productivity and sustainability:

Faster capacity testing process: As one of the bottlenecks during battery cell manufacturing, capacity testing and calibration process accounts for a major part of the entire manufacturing time and nearly half of the energy consumption of the entire production line. Based on big data modeling of full-cell capacity and combined with deep study of battery mechanism, CATL has developed an intelligent battery capacity estimation system, reducing the time of capacity testing and process energy consumption to a large extent. Quicker changeover time: The rapid development of lithium-ion battery technology has higher requirement on flexible production. By using the traditional machine tool processing methods, it usually takes over several weeks to replace fixtures, which is difficult to satisfy customers’ needs. With the help of virtual simulation and additive manufacturing, CATL is able to achieve quick virtual design, precise virtual verification, and 3D printing fast machining, which have dramatically shortened the average manufacturing lead time. Comprehensive operation and maintenance system: High quality battery products require high consistency during the manufacturing. By adopting Industrial Internet of Things (IIoT), edge computing and big data, CATL has developed an efficient equipment operation and maintenance system with multi-levels in the plant scale. It can achieve online monitoring and health management, and provide predictive maintenance so as to optimize maintenance plans and reduce equipment failure rates and maintenance cost. More precise quality inspection: Supported by high-precision 3D camera, AI and edge computing, CATL has developed quality inspection model with wrong-interception and fault-miss in super low level, which has achieved 100% defects detection in the seal pin welding process and eliminated Helium leakage detection, improving the defect rate from DPPM to DPPB level. Optimized sustainable energy management: To tackle difficulties in the energy consumption monitoring and energy waste caused by manual regulation, CATL has built a multi-factor environmental tuning model to enable the intelligent control on energy parameters across the entire plant. With a large number of sensors distributed across the plant, almost all of the plant’s equipment can be intelligently monitored. Based on big and advanced process controller (APC) technology, equipment parameters can be analyzed and adjusted in real time, which significantly improves the plant’s energy efficiency. Moreover, with the application of advanced carbon emission calculation model, CATL can monitor carbon emission of each production line in real time and track carbon emission reduction projects, providing reliable decision support for the plant’s carbon emission reduction.

Among GLN’s 153 manufacturing members, there are three Lighthouse factories in the battery industry, all of which are from CATL. In the future, CATL will continue to adopt its experience in Lighthouse factory in all its 13 plants globally, thus making its innovative technology accessible to more people, and contributing more to global sustainable development. 

Source : CATL's Liyang plant recognized as Lighthouse factory by World Economic Forum

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TAIPEI, Dec. 14, 2023 /PRNewswire/ — CoinEx, a global cryptocurrency exchange renowned for its diverse trading services, is excited to announce its silver sponsorship of Taipei Blockchain Week, taking place from December 14th to 16th. This sponsorship marks the exchange’s ongoing support for collaborative innovation and growth within the blockchain sector.

Taipei Blockchain Week serves as a premier gathering for industry pioneers to share insights, explore new trends, and strengthen the community shaping decentralized technology’s future. CoinEx is poised to contribute to this vibrant assembly by offering engaging and interactive experiences for all attendees.

In a creative showcase of its user-focused ethos, CoinEx is hosting an ice cream booth at the event. This initiative offers a fun and approachable way for participants to learn about the exchange’s offerings while enjoying a refreshing treat. The booth reflects CoinEx’s commitment to simplifying the complexities of cryptocurrency trading, making it as accessible and enjoyable as possible for a diverse audience.

Further enhancing the event, CoinEx is set to offer a unique reward mechanism for event-goers. New users who sign up for CoinEx during Taipei Blockchain Week have the opportunity to receive CET tokens dispensed through a specially prepared gacha machine—a fun and interactive method to distribute rewards. These CET tokens, integral to the CoinEx ecosystem, offer benefits such as trading fee discounts and serve as a warm welcome to the platform, providing both utility and a starting advantage for trading on CoinEx.

As part of its strategy to encourage broader blockchain adoption and illustrate a commitment to the community, CoinEx views Taipei Blockchain Week as a prime setting for showcasing its user-centric philosophy. The event presents a perfect opportunity for networking, innovation sharing, and experiencing the CoinEx platform’s value proposition.

CoinEx is eager to interact with attendees, share insights into its comprehensive crypto services, and demonstrate the platform’s value at Taipei Blockchain Week. The event is an excellent occasion for networking, discovering new blockchain solutions, and directly experiencing what CoinEx has to offer the community.

For additional information about CoinEx, please visit the exchange’s website: https://www.coinex.com/en/.

About CoinEx

Founded in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Since its establishment, CoinEx has steadfastly adhered to a "user-first" service principle. With the sincere intention of nurturing an equitable, respectful, and secure crypto trading environment, CoinEx enables users to effortlessly access the world of cryptocurrency by offering easy-to-use products and services.

Source : CoinEx Celebrates Blockchain Innovation as Silver Sponsor at 2023 Taipei Blockchain Week and Offers Exclusive Rewards

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network