Category Archives: Technology

HOD HASHARON, Israel & BLOOMINGTON, Minn.--(BUSINESS WIRE)--Weebit Nano Limited (ASX: WBT), a leading developer of next-generation memory technologies for the global semiconductor industry, and SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced an agreement to take Weebits innovative Resistive RAM (ReRAM) technology to volume production. In addition, SkyWater has licensed the technology for use with customer designs.

Under the terms of the agreement, SkyWater and Weebit will collaborate to transfer the Weebit ReRAM technology to SkyWaters production fab and qualify it for volume manufacturing. Following the qualification of the technology, SkyWater intends to offer it to customers as embedded, non-volatile memory (NVM) IP on the companys 130nm CMOS process.

SkyWaters 130nm process is a sweet spot for a broad range of applications such as analog, power management, automotive, IoT and rad-hard designs. In these application domains, Weebits ReRAM provides significant advantages such as cost effectiveness, enhanced endurance and retention even at high temperature ranges, good tolerance to radiation and electromagnetic fields, and zero interference with front-end-of-line (FEOL) analog components.

Commercialization of ReRAM technology will provide enhancements to a range of new electronics in industries such as automotive which require high-temperature performance. Weebits ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing embedded Flash memory solutions. The technology focuses on enabling IoT devices and edge computing architectures and will benefit neuromorphic computing opportunities for machine learning and artificial intelligence applications.

Weebits ReRAM technology can be scaled to a number of other technologies like SkyWaters 90 nm and carbon nanotube platforms. Because it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments.

Coby Hanoch, CEO of Weebit Nano, said, We are delighted to announce Weebits first commercial agreement to take our groundbreaking ReRAM to volume production. SkyWater is an ideal partner because of the companys commitment to technology innovation and supporting their customers differentiated products. Our technology, which is highly efficient and extremely robust, is enabling greater performance and lower power memory solutions for a range of new electronic devices. We look forward to collaborating with SkyWater starting immediately to ensure smooth technology transfer to their U.S. production fab.

Thomas Sonderman, SkyWater president and CEO said, As a proven Trusted Technology Foundry, SkyWater helps customers differentiate their silicon through innovative technologies, materials and processes. Weebits ReRAM is at the forefront of non-volatile memory technology and is laying the groundwork for exciting new memory solutions. Were excited to work with Weebit toward building its technology into our growing library of silicon-proven and trusted design IP that our customers can leverage in building highly differentiated SoC designs.

About SkyWater TechnologySkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWaters Technology as a Service model streamlines the path to production for customers with development services, volume production and advanced packaging solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, read-out ICs, rad-hard, power discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: http://www.skywatertechnology.com.

SkyWater Technology Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Companys current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Companys actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Companys actual results to be different than expected or anticipated include, but are not limited to factors discussed in the Risk Factors section of the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10 Q for the quarter ended July 4, 2021 and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

About Weebit NanoWeebit Nano Ltd. is a leading developer of next-generation semiconductor memory technology. The companys ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Weebits ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. Because it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments. See: http://www.weebit-nano.com; Follow Weebit on its new Twitter account at: @WeebitNano.

Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.

Weebit Nano forward looking statementThis release contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of Weebit Nanos research and development programs; the Companys plans and objectives for future operations; and the potential benefits of our products and research technologies. In some cases, forward-looking statements can be identified by the use of terminology such as may, will, expects, plans, anticipates, estimates, potential or continue or the negative thereof or other comparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond Weebit Nanos control. All forward-looking statements and reasons why actual results may differ are based on information available to the Company when initially made, and Weebit Nano assumes no obligation to update these forward-looking statements or reasons why actual results might differ or the information set forth herein.

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Weebit and SkyWater Announce Agreement to take ReRAM Technology to Volume Production - Business Wire

ROCKFORD (WREX) Something we all learned last year is that school is much more than a place to learn. It's a place where teachers can collaborate with one another and where students can get the support they may need. But during COVID-19, technology became that place to learn, that place to connect and that place to get answers.

Some students and staff blossomed in the new digital age while others sat at the computer screen confused.

Rockford Public Schools Educational Technology Director Susan Uram says it was all about working with what they had.

"Last year our hand was forced and we knew that what we were doing, in terms of remote and screen time, weren't necessarily what was best for kids but what we had to do," said Uram.

Each experience might have had different outcomes last year but the 2021-2022 school year is looking to get back on track even when it comes to the use of technology.

"I think one of our important takeaways was understanding that there had to be a balance. When we are in school, it's not about individual screen time. Nothing can replace that teacher, that collaboration, that communication in the classroom," said Uram.

Another school trying to find balance this year is Galapagos Rockford Charter School.

"Now it just seems natural and so the great thing is that we are now providing services and expanding our services well beyond what we could have done before," said CEO of Galapagos Rockford Charter School Michael Lane.

Eighth grader Allanna Roberson says she appreciates the expanded technology in the classroom this year because she considers herself a computer wiz. She says she even helps per parents from time to time.

"Moving forward, I feel like technology would be a big part of our learning process at school, but we kind of got there earlier than we probably would have since the pandemic happened," said Roberson, a Galapagos student.

Even though the pandemic may have catapulted society into a new digitalized world, bringing those skills and those technologies back to the classroom comes with some big questions and a new path to navigate.

"Actually focus on trying to move us all forward and use the technology in a better way and a smarter way," said RPS 205 Educational Technologies Innovation Teacher Dallas Turner.

Tune in to 13 News at 5 and 10 p.m. on Thursday to learn more on how schools are balancing a year where technology is making a dramatic comeback.

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PREVIEW: Rockford schools return to in-person learning this year but technology is making a dramatic comeback - WREX-TV

In many cases, were still fighting fire with sharpened pieces of metal attached to the ends of sticks, said Bill Gabbert.

Here are excerpts from an article published September 8 by ABC News.

As wildfires in California and beyond have grown larger and deadlier in recent years, some in the firefighting sector say the tools and technologies used to combat new blazes have not kept up with the impact ofclimate changes fury.

In many cases, were still fighting fire with sharpened pieces of metal attached to the ends of sticks, Bill Gabbert, who worked as a full-time firefighter for more than 30 years before becoming managing editor of the industry publication Wildfire Today, told ABC News. Hand crews, using hand tools and chainsaws to remove the fuel on the edge of a fire so the fire burns up to that area where there is no fuel and then it stops spreading, thats how we put out fires.

Some major technological leaps, including computer modeling simulators have been made to help assist firefighters, but funding and bureaucratic hurdles in many cases have prevented their widespread adoption in communities that may need them. Meanwhile, a handful of entrepreneurs see the blank space as a ripe opportunity for new innovations they say can ultimately help save lives as the West now grapples with some ofits largest fires ever recorded.

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Jon Heggie, a battalion chief at Cal Fire, told ABC News that many fire agencies in recent years have explored emerging technologies as a way to address issues that arise in firefighting, noting how Gov. Gavin Newsom of California put out a call for innovative ideas to create cutting-edge firefighting technology infall 2019.

One of the results of this effort and really, the one that stands out, according to Heggie was the creation and adoption of a computer modeling service that predicts a fires spread developed by the Bellevue, Washington-based firm Technosylva.

MORE: Nevada records worst air quality on record as wildfire smoke spreadsThe software integrates weather, topography, fuel (combustable material) and more to give us a real-time estimation of fire growth over a given period of time, Heggie said.

Anytime there is a fire started anywhere in California, a simulation is started so that the field commanders have that real-time information from the minute a fire starts, he added. It populates that fire based on where the fire was reported, that may not be accurate of where the fire actually is, so when the first arriving engines get on scene, they give a more updated report of location and then another report is generated and that will be more accurate.

The data is critical for giving early evacuation notifications to communities that could be in the path of the fire, as well as for decision-making on how to best combat a blaze.

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ABC News reports on technology in wildland firefighting - Wildfire Today

NEW YORK--(BUSINESS WIRE)--The World Health Organization (WHO) has recognized Kinnos Highlight bleach colorant as an innovative technology in their 2021 compendium, WHO Compendium of Innovative Health Technologies for Low-Resource Settings. The Compendium selects technologies with immediate or future impact on COVID-19 and general health outcomes and brings global healthcare awareness and procurement channels to such products. Highlight for Liquid Bleach was selected for its ability to help providers correctly use disinfection . . . thus reducing contamination and improving safety.

Highlight colors the liquid bleach and disinfecting wipes that hospitals worldwide depend on to clean surfaces, letting users visualize disinfection coverage instantly. The color lends visibility, reinforces training, and then fades to remind users their disinfectant is still working. In more than one critical healthcare situation, it prevented use of incorrectly mixed or expired bleach products since its color fades only if healthcare-strength bleach is utilized.

WHO-assembled expert panels judged nominees on their superior ability over existing products to solve a substantial health problem in low-resource settings. In developing countries, healthcare-associated infections (HAIs) affect 1 out of every 10 hospital patients and 1 of every 3 surgeries. Better disinfection is a proven method to reduce the pain, mortality, and financial burdens of HAIs. The WHO noted that several peer-reviewed studies prove Highlight quantifiably improves disinfection technique.

Effective infection prevention requires not just the disinfectant, but also technique in how those disinfectants are used, said Jason Kang, Kinnos CEO and co-inventor. Yet the status quo makes it virtually impossible to ensure thorough disinfection as its currently an invisible process with transparent disinfectants, you cant see what youve missed. Were making that easier, in a way that transcends language barriers.

Our product was first developed to protect Ebola healthcare workers in West Africa, so this recognition by the World Health Organization really honors our origins and our passion for global health, Kang pointed out.

Kinnos Highlight products are available internationally, and AMG Medical distributes in Canada while Armstrong Medical distributes to all US Veteran Agencies. Highlight for Bleach Wipes now gives hospitals the same ability to visualize coverage of ready-to-use disinfectant wipes, and the innovation will extend to other popular disinfectants next year.

About Kinnos

Kinnos pioneers color technology that revolutionizes how we use disinfectants. The company's flagship product, Highlight, is a patented and award-winning color additive platform that improves disinfection technique and compliance. Highlight's real-time color visualization has been reported in independent studies and whitepapers to consistently increase thoroughness of cleaning. Recognized by Harvard Innovations Lab, Forbes, Newsweek, USAID, the USPTO Humanity Award, and more, Highlight is used internationally by hospitals, first responders, and transit agencies. Kinnos is headquartered in Brooklyn, NY. For more information, visit: http://www.kinnos.com

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World Health Organization Recognizes Kinnos as Innovative Health Technology - Business Wire

NEW YORK, Sept. 9, 2021 /PRNewswire/ -- Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as "Color Star" or the "Company"), an entertainment technology company focusing on the application of technology and artificial intelligence (AI) in the entertainment industry, today announces the creation of a music album that integrates the works of European, American, Asian, African, and other regions' artists in one album, to be released in non-fungible token (NFT) form.

As an entertainment technology company, Color Star has always strived to apply technology to entertainment. The Company's NFT R&D department has been making continuous advancements and has successively launched various NFT entertainment products. The creation of this NFT music album is a new attempt that will unite celebrities, music producers, music creators, and bands from around the world in a concerted effort to create new music. After review, the music album will be launched on Color Star's global celebrity interactive platform, Color Star APP. Color Star believes that the creation of NFT music album will be a milestone in creating a new audiovisual experience to be enjoyed by music lovers around the world. Color Star is currently in the stage of collecting songs for the music album.

Mr. Basil Wilson, CEO of Color Star, commented: "We believe that entertainment industry is among the most suitable fields for the application of NFT. Be it music or videos, they can all be created in NFT form for product release. With in-depth understanding of the entertainment industry, Color Star is developing and creating not only NFT music albums but also the first NFT movie and TV series. We hope that through advanced technology, more people in the entertainment industry will embrace the new change made possible by application of NFT. This NFT music album will include eight songs created by musicians from around the world. We believe this music album will introduce everyone to a brand new musical concept."

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Color Star is committed to creating advanced entertainment technology and believes that technology will bring better and more enriching entertainment products to the market, while also giving creators of entertainment and ordinary entertainment enthusiasts the means to bring their original works to the world via Color Star's platform, Color Star APP.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company's online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at http://www.colorstarinternational.com.

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market in China and other countries where CSCW conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at http://www.sec.gov. The Company undertakes no obligation to publicly revise these forwardlooking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

For more information, please contact:

William TuSkyline Corporate Communications Group, LLCOne Rockefeller Plaza, 11th FloorNew York, NY 10020Office: (646) 893-5835Email: wtu@skylineccg.com

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Color Star Technology Co., Ltd. (NASDAQ: CSCW) Will Soon Release its First Non-Fungible Token (NFT) Music Album - Yahoo Finance

Medical care robots are the combination of medication and innovation. These robots help specialists in doing medical procedures with practically wonderful exactness. These are projected as an elective technique to insignificant intrusive medical procedures. In the past few years, there has been an impressive improvement in the world of healthcare robots with the advancement in mechanical technology.

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They assist specialists with impressively utilizing their insightful and dynamic abilities, while expanding their actual capacities. With new applications and highlights, healthcare robots are required to expand the quality, operational efficiencies, precision, and wellbeing in healthcare administration conveyance. The headway in computer based intelligence will give another measurement to advanced mechanics. True to form the blend of Artificial intelligence and mechanical technology will make the activity quicker and a lot more secure.

The broad utilization of robots in conveying healthcare administrations makes it completely clear that the utilization of robots will be a typical sight in not so distant future. With various applications and advantages, mechanical technology in healthcare holds the possibility to reform the area. It is similarly gainful to both healthcare suppliers and patients. Automated a medical procedure, specifically, has diminished the danger of disease because of more modest entry points and prompts a more limited hospitalization time.

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Being less obtrusive, it lessens blood mishaps, and improves the recuperation time for the patients. These likewise decline the doctor's responsibility, and to the patients, it diminishes pressure and makes the cycle less unnerving. The robots in the coordination, care, and sterilization fragment are less expensive to keep up and more agreeable to deal with and train. They have offered surprising support to the assignment, which requests odd and are monotonous in nature.

Some of the top applications of healthcare robotics include:

Besides this, other forms of robots such as nursing robots, ambulance, receptionist, rehabilitation, and physical robots are likely to make their mark in the forthcoming years.

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Advent of Innovations in Medical Robotics such as Companion Bots to Create New History in Medical Science

Advanced mechanics and artificial intelligence are the two advances that have shown the possibility to deliver and give answers for some contemporary issues. The assembling area has been utilizing mechanical technology for a serious long time. Despite that, in the course of the last forty years, robots are being used in different areas too, for example, lab examination, earth and space investigation, transport, and some more.

The utilization of robots has brought down creation costs and expanded efficiency and simultaneously, prompted the production of numerous new positions in the tech area alongside the development in the economy. Robots are basically utilized where the assignments require tedious and repetitive work; nonetheless, with Artificial Intelligence (AI), the degree is augmenting. They are supplanting the human specialists and giving effective outcomes.

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Considering the rapid pace of development in the medical robot sector, here are some of the innovative robots that are on their way to change the world and maybe partake the need for doctors. Some of them include

On the contrary, high maintaining and installing costs of healthcare robots can impede the growth in the global market in the future. Clinical robots are excessively costly and need specialized callings for performing tasks. In addition, hesitance to assimilate the innovative change and mechanical dependability issues are likewise limiting elements for the healthcare robots market. Notwithstanding this, healthcare robots have accomplished worldwide acknowledgment in a shifted scope of tasks like neurological medical procedure, interventional cardiological medical procedure and muscular medical procedure. This gives the truly necessary rewarding chances for the healthcare robots market moving into.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Healthcare Robots Market by Technology Advancement and Future Outlook 2024 - BioSpace

ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced that it plans to participate in Deutsche Banks Virtual Technology Conference on Friday, September 10, 2021. Donald McClymont, indies co-founder and CEO, is scheduled to present a company overview at 3:25 p.m. Eastern time.

The event will be webcast live and archived for replay for one week following the conference in the Investors section of indies website at http://www.indiesemi.com.

About indie

indie is empowering the Autotech revolution with next generation automotive semiconductors and software platforms. We focus on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms we rely on every day. We are an approved vendor to Tier 1 partners and our solutions can be found in marquee automotive OEMs around the world. Headquartered in Aliso Viejo, CA, indie has design centers and sales offices in Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and several locations throughout China.

Please visit us at http://www.indiesemi.com to learn more.

Safe Harbor Statement

This communication contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended). Such statements include, but are not limited to, statements regarding our future business and financial performance and prospects, and other statements identified by words such as will likely result, expect, anticipate, estimate, believe, intend, plan, project, outlook, should, could, may or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results included in such forward-looking statements. In addition to the factors previously disclosed in our registration statement on Form S-1 (SEC File No. 333-257629) and in our other public reports filed with the SEC (including those identified under Risk Factors therein), the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the impact of the COVID-19 pandemic; our reliance on contract manufacturing and outsourced supply chain and the availability of semiconductors and manufacturing capacity; competitive products and pricing pressures; our ability to win competitive bid selection processes and achieve additional design wins; the impact of any acquisitions we may make; our ability to develop, market and gain acceptance for new and enhanced products and expand into new technologies and markets; trade restrictions and trade tensions; and political and economic instability in our target markets. indie cautions that the foregoing list of factors is not exclusive.

All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements made in this announcement or in our other public filings, whether as a result of new information, future events or otherwise, except as required by law.

#indieSemi_Corporate

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indie Semiconductor to Present at the Deutsche Bank Virtual Technology Conference - Business Wire

TORONTO, Sept. 9, 2021 /CNW/ - Development continues on the Maple Majestic Canadian EV by Toronto-based AK Motor, with significant milestones reached in bringing together the right partners for the project. Maple Majestic is intended to be Canada's flagship brand of automobiles for the world market. In building this vehicle, AK Motor is trailblazing an innovative new business model that is ideally tailored to Canada. The Maple Majestic vehicle is being developed using external suppliers for components and assembly services, as well as technological innovations and academia. The Maple Majestic EV project is divided into module packages which represent complete projects for leading suppliers with expertise in these areas. AK Motor is providing an opportunity for these companies to effectively take ownership of these modules, and to unleash the full power of their creative potential. In using this strategy, AK Motor is reaching out to parts suppliers for opportunities in co-operation.

Maple Majestic Module Layout (CNW Group/AK Motor International Corporation)

"In formulating a business strategy for the Maple Majestic venture, we wanted to do things in a way that is reflective of Canada's auto industry. Our ideas are disruptive, but we're not here to displace existing stakeholders. Instead, we are here to empower them. The strategy has to be the right fit for the country. Canada may not be well known for creating its own automotive brands, but our country pioneered the business of producing parts for automotive OEMs. With over 600 domestic parts suppliers, Canada is a world leader in technological development and providing services to OEMs. If we're to build a Canadian car, leveraging these resources is the right fit for the future of Canada's auto industry. It is the best business model because it also focuses on the success of existing stakeholders, and not only ours." According to AK Motor founder and CEO Arkadiusz Kaminski

The global shift towards Electric Vehicles represents an opportunity for Canada to become more than a parts supplier for the world's OEMs. It is an opportunity for Canada to shape its own destiny, and lead with its own automotive brands. Recent years have shown that the world is very receptive to new players entering the automotive arena, and this is a chance for Canada that will not repeat itself any time soon. At the core of this opportunity lies the need to recognize that Canada cannot do things the way it used to. Building parts and developing technologies has been the traditional approach for Canadian companies for many years, but the real opportunity is to create a Canadian automotive brand that leverages these resources.

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"We've all heard the old adage that doing things the same way over and over, but expecting a different result is the definition of insanity. We all know that change is necessary, but it's not sufficient to just do things differently. It's a question of doing things better, and smarter. Placing a greater focus on building complete Canadian-branded automobiles actually translates to more opportunities for parts suppliers. When these companies diversify their engagement among multiple Canadian EV projects, they are consolidating the potential for modularity and interchangeability of their components while daftly hedging their bets on success. Our outreach is especially directed towards members of the APMA (Automotive Parts Manufacturers Association), an organization which has already been instrumental in introducing us to the right partners. We are casting a broad net in forming an alliance of the willing among companies that want to participate in the Maple Majestic project. Even companies that are not quite certain about how they would fit in, are invited to reach out, say hello, and let's get the dialogue going." further underscores Arkadiusz Kaminski

AK Motor's logic of working with parts suppliers extends to organizations of different structures, like assembly services, developers of new technologies and academia. The objective is to create an ecosystem for the development and manufacture of Canadian automobiles. Figuring out the best way to integrate these diverse automotive building blocks now will go a long way towards securing Canada's future as an automotive manufacturing country, creating unprecedented opportunities for future generations of Canadians. A great example of this co-operation is AK Motor's recent usage of the VR Cave which is operated by Invest WindsorEssex. The VR CAVE is Canada's largest publicly accessible facility that was created through the support of the Province of Ontario's Autonomous Vehicle Innovation Network and Windsor-Essex being designated as a Regional Technology Development Site. Working with the Simulation Team at the Invest WindsorEssex VR CAVE allows for the immersive visualization of the Maple Majestic virtual prototype to showcase how the vehicle will transform through its pre-production journey.

"The Windsor-Essex region is the birthplace of the Canadian Automotive industry. We are very proud to work with AK Motor to support their efforts in the creation of the Maple Majestic concept vehicle. By providing simulation capabilities through the Invest WindsorEssex VR CAVE to help bring the model to life, we hope that this will offer a glimpse into the exciting journey ahead for AK Motor and the great things to come for Canada's Automobility future." Ed Dawson, Senior Manager of Automobility and Innovation Simulation Team at Invest WindsorEssex

"Canada's automotive industry is at a cross-roads and there is a lot at stake at this very moment. There has been a tremendous amount of investment into Canadian technologies in recent years, but if we don't produce our own Canadian automobiles to harness these technologies, this situation can easily turn into the greatest brain drain Canada has ever seen. Technologies are most commonly developed in close proximity to where they will be produced, and if there are no local Canadian OEMs to implement the technologies, it stands to reason that their production may be relocated to other world regions. A project like Maple Majestic has the capacity to anchor the production of technologies that were developed in Canada, right here in Canada, giving them the sort of long-term stability and profitability that only a world-class Canadian brand of automobiles can." Arkadiusz Kaminski

The Maple Majestic project display can be seen at the Drive Festival at Canadian Tire Motorsport Park on September 10-12, 2021.

Hashtags: #MapleMajestic , #AKMotor , #APMA , #electricvehicle , #EV, #drivefestival , #automotiveevent , #festivalofcars! , #WindsorEssex , #WhereCanadaBegins , #automobility , #innovation , #AutomobilityCapitalOfCanada , #InvestWindsorEssex , #VRCAVE , #electricvehicles

Website: http://www.MapleMajestic.comFacebook: http://www.facebook.com/CANU.MapleMajesticTwitter: @Maple_Majestic

Maple Majestic at Invest WindsorEssex VR Cave (CNW Group/AK Motor International Corporation)

SOURCE AK Motor International Corporation

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AK Motor International Corporation reaches out to local parts suppliers, and technology developers for its Canadian EV project Maple Majestic - Yahoo...

MANCHESTER, England, September 09, 2021--(BUSINESS WIRE)--Wejo, a global leader in connected vehicle data, today announced that it is participating in Piper Sandlers Global Technology Conference on Monday, September 13 and Citis Global Technology Conference on Tuesday, September 14.

At the conferences, Wejo Founder and CEO Richard Barlow and CFO John Maxwell will discuss the companys mission to revolutionize the way we live, work and travel through connected vehicle data, as well as the companys ability to analyze this data quickly and efficiently, and why its data is an invaluable tool for a wide range of companies and organisations.

On May 28, 2021, Wejo entered into a definitive merger agreement with Virtuoso Acquisition Corp. (NASDAQ:VOSO). The transaction, which included a fully committed $100 million PIPE included support from lead strategic investors including Palantir Technologies Inc. and General Motors, Microsoft, and Sompo Holdings of Japan.

Notable Wejo highlights include:

Wejos data comes directly from cars, and its cloud data platform, Wejo ADEPT, has many useful applications, including analyzing traffic patterns to minimizing congestion and increasing road safety, among many others.

Wejo serves a growing and varied customer base that includes fleet and logistics firms, research institutions, mapping technology vendors, vehicle manufacturers, construction and real estate firms, as well as DOTs and mobility organizations like NCDOT.

According to McKinsey, by 2030, approximately 95% of new vehicles sold globally will be connected, up from approximately 50% today, and the global market opportunity of the resulting data is estimated to reach $600 billion by 2030. Connected vehicles are fitted with hundreds of sensors, each telling the story of the vehicles current state and how it is used. Advanced communication systems then exchange individual vehicle, journey and geospatial information with personal smart devices, other vehicles, IoT devices and transportation infrastructure, such as roadside traffic cabinets. As connected vehicles and smart mobility infrastructure expand, along with the seamless flow of data between them, drivers will benefit from improved safety and efficiency in the transportation network, from intersections to arterial and highways.

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About Wejo

Wejo is a global leader in connected vehicle data, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. The company enables smarter mobility by organizing trillions of data points from over 11 million vehicles and more than 48 billion journeys globally, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo employs more than 200 people and has offices in Manchester in the UK and in regions where Wejo does business around the world. For more information, visit: http://www.wejo.com.

Forward-Looking Statements.

This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Virtuoso Acquisition Corp.s ("Virtuoso") and Wejo Limiteds, a private limited company incorporated under the laws of England and Wales with company number 08813730 ("Wejo") actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Virtuosos and Wejos expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Virtuosos and Wejos control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) the occurrence of any event, change, or other circumstances that could give rise to the termination of the Agreement and Plan of Merger (the "Merger Agreement"); (ii) the outcome of any legal proceedings that may be instituted against Virtuoso, Wejo Group Limited, a company incorporated under the laws of Bermuda (the "Company") and/or Wejo following the announcement of the Merger Agreement and the transactions contemplated therein; (iii) the inability to complete the proposed business combination, including due to failure to obtain approval of the stockholders of Virtuoso, certain regulatory approvals, or the satisfaction of other conditions to closing in the Merger Agreement; (iv) the occurrence of any event, change, or other circumstance that could give rise to the termination of the Merger Agreement or could otherwise cause the transaction to fail to close; (v) the impact of the COVID-19 pandemic on Wejos business and/or the ability of the parties to complete the proposed business combination; (vi) the inability to obtain or maintain the listing of the Companys common shares on the Nasdaq Stock Market following the proposed business combination; (vii) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; (viii) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of Wejo to grow and manage growth profitably, and retain its key employees; (ix) costs related to the proposed business combination; (x) changes in applicable laws or regulations; and (xi) the possibility that Wejo, Virtuoso or the Company may be adversely affected by other economic, business, and/or competitive factors. The foregoing list of factors is not exclusive. Additional information concerning certain of these and other risk factors is contained in Virtuosos most recent filings with the SEC and is contained in the Companys preliminary Form S-4 (the "Form S-4"), which was filed on July 16, 2021 (as amended on September 7, 2021), including the preliminary proxy statement/prospectus expected to be filed in connection with the proposed business combination. All subsequent written and oral forward-looking statements concerning Virtuoso, Wejo or the Company, the transactions described herein or other matters and attributable to Virtuoso, the Company or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Each of Virtuoso, Wejo and the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law.

No Offer or Solicitation.

This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Virtuoso, the Company or Wejo, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom.

Important Information About the Proposed Business Combination and Where to Find It.

In connection with the proposed business combination, a preliminary registration statement on Form S-4 was filed by the Company with the SEC on July 16, 2021 (as amended on September 7, 2021). The Form S-4 included preliminary proxy statements to be distributed to holders of Virtuosos common stock in connection with Virtuosos solicitation for proxies for the vote by Virtuosos stockholders in connection with the proposed business combination and other matters as described in the Form S-4, as well as a prospectus of the Company relating to the offer of the securities to be issued in connection with the completion of the business combination. Virtuoso, Wejo and the Company urge investors, stockholders and other interested persons to read the Form S-4, including the proxy statement/prospectus incorporated by reference therein, as well as other documents filed with the SEC in connection with the proposed business combination, as these materials contain important information about Wejo, Virtuoso, and the proposed business combination. Such persons can also read Virtuosos final prospectus dated January 21, 2021 (SEC File No. 333-251781), for a description of the security holdings of Virtuosos officers and directors and their respective interests as security holders in the consummation of the proposed business combination. After the Form S-4 has been declared effective, the definitive proxy statement/prospectus will be mailed to Virtuosos stockholders as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of such documents, without charge, at the SECs website at http://www.sec.gov, or by directing a request to: Virtuoso Acquisition Corp., 180 Post Road East, Westport, CT 06880, or (203) 227-1978. These documents can also be obtained, without charge, at the SECs web site (http://www.sec.gov).

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Participants in the Solicitation.

Virtuoso, Wejo, the Company and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Virtuosos stockholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Virtuosos directors and executive officers in Virtuosos final prospectus dated January 21, 2021 (SEC File No. 333-251781), which was filed with the SEC on January 26, 2021. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of Virtuosos stockholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Information concerning the interests of Virtuosos and Wejos participants in the solicitation, which may, in some cases, be different than those of Virtuosos and Wejos equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210909005641/en/

Contacts

Wejo Investor Relations Contact: Idalia RodriquezArbor Advisory GroupTel: (203) 293-3325Email: investor.relations@wejo.com

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Wejo to Participate in Piper Sandlers Global Technology and Citi's 2021 Global Technology Investor Conferences - Yahoo Finance

NEW YORK--(BUSINESS WIRE)--UnitedLex, a leading technology and legal services company, today announced its acquisition of BlackStone Discovery, a best-in-class eDiscovery technology provider based in Silicon Valley. BlackStone's range of innovative offerings include services in forensics, eDiscovery, investigations and incident response, trial support, managed review, and more. BlackStone Discoverys consulting team helps clients reduce eDiscovery costs, mitigate data risks, and improve litigation outcomes. BlackStone has an impressive portfolio of Fortune 500 technology and leading law firms as clients.

Many of BlackStones clients are digital-first organizations and have different challenges than those undertaking a digital transformation for the first time. Blackstone is uniquely capable of helping digital businesses meet their discovery obligations, helping them stay current on the latest collection, processing, and analyses of large datasets.

The acquisition will create a cutting-edge West Coast hub for UnitedLex, where it can best serve a growing list of technology and leading digital companies and law firms to go along with its increasing number of Fortune 500 clients. In the wake of Covid-19, numerous law departments are being asked to do more with fewer resources, and BlackStone Discovery has seen a rapid increase in new business as companies turn to its solutions to optimize their legal departments.

The highly talented people at BlackStone think differently about how to solve complex data problems, said Dave Deppe, President of UnitedLex. Our shared belief in client centricity and a digital-first approach will help foster a seamless integration. Were excited to deliver greater value to clients through our world-class teams and expanded, technology-enabled solutions.

"We're looking forward to joining the UnitedLex family and working to scale our offerings to meet increasing demand in the market," said John P. Kelly, CEO and founder of BlackStone Discovery. "UnitedLex is the most innovative player when it comes to legal transformation, and we're proud to bring our capabilities to enhance their suite of solutions."

BlackStone is particularly known for its forensics solutions, which provide invaluable intelligence and analytics, helps inform strategies to protect business value, identify risks, and adapt quickly to navigate a range of evolving circumstances.

About UnitedLex

UnitedLex is a technology and legal services company committed to delivering full-scale Digital Legal Transformation. The worlds most forward-thinking law departments and law firms rely on the companys expertise in over 25 global jurisdictions. Founded in 2006, the team includes 3,000 legal, engineering, and technology professionals with major operations in 18 countries.

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UnitedLex Acquires BlackStone Discovery, Expanding West Coast and Technology Presence - Business Wire