BEIJING, July 8, 2020 — Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a leading premium used auto business in China through its subsidiary Kaixin Auto Holdings (NASDAQ: KXIN) ("Kaixin") as well as several U.S.-based SaaS businesses, today announced the filing of its annual report on Form 20-F for…
Veoneer and Volvo Cars Finalize Split of Software Joint Venture Zenuity
STOCKHOLM, July 2, 2020 — The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has finalized the split of Zenuity, its software and ADAS joint venture with Volvo Cars. As part of the split, Veoneer received IP licenses and strengthened its software and systems team with around…
Locus Listed as a Representative Vendor in Gartner’s Market Guide for Vehicle Routing and Scheduling
The Company was recognized as a Representative Vendor in the 2020 report WILMINGTON, Delaware, June 29, 2020 — Locus, a global B2B SaaS company that automates human decisions in the supply chain, today announced that it has been identified as a Representative Vendor…
Quantron AG Implements Fuel Cell Trucks in Europe
The Energon is the first in Quantron’s upcoming fuel cell product range. Production is scheduled to start in mid-2022.
AUGSBURG, Germany, June 17, 2020 /PRNewswire/ —
Quantron AG active in the field of hydrogen since its foundation
Quantron AG has been working on hydrogen propulsion for commercial vehicles since its foundation and now, with the new Energon, offers a 44-tonne truck with fuel cell for freight transport that can be fully integrated into logistics processes. It has a range of about 700 km. The 130 kW fuel cell used, supported by a 110 kWh LFP battery, powers the 340 kW engine, which is equipped with a 2-speed transmission.
Quantron AG – Energon Hydrogen Heavy-Duty
Quantron AG is working hard on other vehicles in order to be able to offer a wide range of fuel cell solutions for companies and local authorities in the near future.
Advantages of the fuel cell
A hydrogen vehicle is an electric vehicle that obtains its energy from a chemical reaction of hydrogen and oxygen in the so-called fuel cell. The electricity generated in this process is either consumed directly in the engine or buffered in the on-board battery. Due to the high system efficiency of the fuel cell, hydrogen trucks have identical performance characteristics to normal diesel trucks. But there is one decisive advantage: the local freedom from emissions of CO2, nitrogen oxides and particulate matter. This is because the electrochemical reaction in the fuel cell produces only water vapor, which is then released into the environment when the truck is driven. Added to this are the general advantages of an e-vehicle. Because hydrogen trucks also enjoy tax and toll exemptions as well as lower maintenance and operating costs than trucks with conventional diesel engines.
Pre-orders with a price advantage of 10,000 € are possible at www.quantron.net.
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Contact:
Serhat Yilmaz
[email protected]
+49-(0)821-24-99-790
Related Links :
https://www.quantron.net
Bitauto Enters into Definitive Agreement for Going-Private Transaction
BEIJING, June 12, 2020 /PRNewswire/ — Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s automotive industry, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Yiche Holding Limited ("Parent"), and Yiche Mergersub Limited, a wholly owned Subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium led by Morespark Limited, an affiliate of Tencent Holdings Limited ("Tencent") and Hammer Capital Opportunities Fund L.P. (acting through its general partner Hammer Capital Opportunities General Partner, "Hammer Capital") in an all-cash transaction that values the Company’s equity at approximately US$1.1 billion (the "Merger").
Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each ordinary share of the Company (each, a "Share") issued and outstanding immediately prior to the Effective Time will be cancelled and cease to exist in exchange for the right to receive US$16 in cash without interest, and each outstanding American depositary share of the Company (each, an "ADS," representing one Share) will be cancelled in exchange for the right to receive US$16 in cash without interest, except for (a) certain Shares (including Shares represented by ADSs) owned by affiliates of Tencent, an affiliate of JD.com, Inc., and Mr. Bin Li, chairman of the board of directors of the Company (the "Board"), which will be rolled over in the transaction , (b) Shares (including ADSs represented by Shares) owned by Parent, Merger Sub, the company or any of their respective subsidiaries, (c) Shares (including ADSs represented by Shares) held by the ADS depositary and reserved for issuance, settlement and allocation upon exercise or vesting of Company’s options and/or restricted share unit awards, and (d) Shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger pursuant to Section 238 of the Companies Law of the Cayman Islands, which will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of those dissenting shares in accordance with Section 238 of the Companies Law of the Cayman Islands.
The merger consideration represents a premium of 16.4% to the closing price of the Company’s ADSs on September 12, 2019, the last trading day prior to the Company’s announcement of its receipt of the "going-private" proposal, and a premium of 35.1% to the average closing price of the Company’s ADSs during the 30 trading days prior to its receipt of the "going-private" proposal.
The investor consortium includes Tencent and Hammer Capital. The consortium intends to fund the Merger with a combination of rollover equity and cash, and has delivered copies of executed equity commitment letters to the Company.
The Board, acting upon the unanimous recommendation of a committee of independent directors established by the Board (the "Special Committee"), approved the Merger Agreement and the Merger and resolved to recommend that the Company’s shareholders vote to authorize and approve the Merger Agreement and the Merger. The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.
The Merger is currently expected to close in the second half of 2020 and is subject to customary closing conditions including the approval of the Merger Agreement by an affirmative vote of holders of Shares representing at least two-thirds of the voting power of the Shares present and voting in person or by proxy at a meeting of the Company’s shareholders. Shareholders affiliated with Tencent, JD.com, Inc., Mr. Bin Li, and Cox Automotive Global Investment, Inc. have each agreed to vote all of the Shares and ADSs they beneficially own, which represent approximately 55.3% of the voting rights attached to the outstanding Shares as of the date of the Merger Agreement, in favor of the authorization and approval of the Merger Agreement and the Merger. If completed, the Merger will result in the Company becoming a privately held company, and its ADSs will no longer be listed on the New York Stock Exchange.
The Company will prepare and file with the U.S. Securities and Exchange Commission a Schedule 13E-3 transaction statement, which will include a proxy statement of the Company. The Schedule 13E-3 will include a description of the Merger Agreement and contain other important information about the Merger, the Company and the other participants in the Merger.
Duff & Phelps, LLC and Duff & Phelps Securities, LLC are serving as financial advisor to the Special Committee. Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Special Committee.
BofA Securities is serving as financial advisor to the investor consortium. Latham & Watkins LLP and Kirkland and Ellis are serving as U.S. legal counsel and Hong Kong legal counsel to the investor consortium, respectively.
Additional Information about the Merger
The Company will furnish to the U.S. Securities and Exchange Commission (the "SEC") a current report on Form 6-K regarding the Merger, which will include as an exhibit thereto the Merger Agreement. All parties desiring details regarding the Merger are urged to review these documents, which will be available at the SEC’s website (http://www.sec.gov).
In connection with the Merger, the Company will prepare and mail a proxy statement to its shareholders. In addition, certain participants in the Merger will prepare and mail to the Company’s shareholders a Schedule 13E-3 transaction statement that will include the proxy statement. These documents will be filed with or furnished to the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE MERGER AND RELATED MATTERS. In addition to receiving the proxy statement and Schedule 13E-3 transaction statement by mail, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the Merger and related matters, without charge, from the SEC’s website (http://www.sec.gov) or at the SEC’s public reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549.
The Company and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the Company’s shareholders with respect to the Merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies will be set forth in the proxy statement and Schedule 13E-3 transaction statement relating to the Merger when it is filed with the SEC. Additional information regarding the interests of such potential participants will be included in the proxy statement and Schedule 13E-3 transaction statement and the other relevant documents filed with the SEC when they become available.
This announcement is neither a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other filings that may be made with the SEC should the Merger proceed.
Safe Harbor Statement
This press release contains statements that express the Company’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (the "Act"). These forward-looking statements can be identified by terminology such as "if," "will," "expected" and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Risks, uncertainties and assumptions include: uncertainties as to how the Company’s shareholders will vote at the meeting of shareholders; the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, as well as the Schedule 13E-3 transaction statement and the proxy statement to be filed by the Company. These forward-looking statements reflect the Company’s expectations as of the date of this press release. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About Bitauto
Bitauto Holdings Limited (NYSE: BITA) is a leading provider of internet content & marketing services, and transaction services for China’s automotive industry. Bitauto’s business consists of three segments: advertising and subscription business, transaction services business and digital marketing solutions business.
Bitauto’s advertising and subscription business provides a variety of advertising services to automakers through the bitauto.com website and corresponding mobile apps which provide consumers with up-to-date automobile pricing and promotional information, specifications, reviews and consumer feedback. Bitauto also provides transaction-focused online advertisements and services for promotional activities to its business partners, including automakers, automobile dealers, auto finance partners and insurance companies. Bitauto offers subscription services via its SaaS platform, which provides web-based and mobile-based integrated digital marketing solutions to new car automobile dealers in China. The SaaS platform enables automobile dealer subscribers to create their own online showrooms, list pricing and promotional information, provide automobile dealer contact information, place advertisements and manage customer relationships to help them reach a broad set of purchase-minded customers and effectively market their automobiles to consumers online.
Bitauto’s transaction services business is primarily conducted by its controlled subsidiary, Yixin Group Limited (SEHK: 2858), a leading online automobile finance transaction platform in China, which provides transaction platform services as well as self-operated financing services.
Bitauto’s digital marketing solutions business provides automakers with one-stop digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns, advertising agent services, big data applications and digital image creation.
For more information, please visit ir.bitauto.com.
For investor and media inquiries, please contact:
Suki Li
Bitauto Holdings Limited
Phone: +86-10-6849-2145
[email protected]
Philip Lisio
Foote Group
Phone: +86-10-8429-9544
[email protected]
Terminus Group’s Smart Parking Helps Upgrade Traditional Commercial Districts Services
BEIJING, June 12, 2020 /PRNewswire/ — Terminus Group, the world’s prominent AI CITY and smart service provider, has recently announced its latest smart parking solution. Fully depending on its own strategic pillar technologies, consisting of artificial intelligence (AI) and Internet of Things (IoT), Terminus Group’s recently released smart parking solution is specifically designed to address and ease the common issues of traditional commercial districts in the cities, such as high labour costs, low management efficiency, long waiting time for the vehicles to access the premises, overly complicated and confusing payment processes, and so forth.
With a unified platform, Terminus Group has been able to fully integrate multiple processes at parking lots and curbs of traditional commercial districts, including monitoring and guiding processes of the vehicles entering the buildings, parking lot management and services, parking fees’ collection, automatic errors’ correction, and managing pending requests for the equipment repairs, to mention just a few. The centralized parking management provides substantial and unparalleled convenience for the vehicles entering the parking lots and other commercial spots around the city. Under the "Full-Time Central Control Centre" created by Terminus Group, the management of commercial parking lots is now able to easily track and measure the time of entry and exit of the vehicles, track the routes and distances covered by the vehicles, and spot all sorts of abnormal road behaviours, resulting in early-warning systems launching the alarms. Furthermore, parking fee collections are also made available through the real-time interactive large screens. These kinds of proposed solutions will help parking lot operators improve their services in five crucial dimensions: intelligent analysis, early warning systems, operation management, and financial management.
The solution has been proved successful in many parking lots so far. According to the research conducted by Terminus Group, after having applied unmanned guard posts at the front and back entrances of the buildings, as well as applying multi-project coordination at the mid-end of the management process (reducing manual verification errors) and the refined operations at the back-end of the overall process, a single parking lot could see its rotation capacity increase by 10% and the profit improved by more than 80% in total.
Terminus Group, a global prominent AI City builder and innovator, has provided more than 8000 AI City and smart service solutions in different cities around the world so far. Terminus Group’s products and services include, but are not limited to: smart scene services, cloud platforms, edge networks, terminal products, and many more.
Pasternack Debuts New Vehicular Antennas, GPS Timing Antennas and Portable UHF Antenna
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New Antennas Offer Highest Levels of Performance and Durability
IRVINE, Calif., June 12, 2020 /PRNewswire/ — Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter wave products, has introduced a new line of GPS timing antennas, vehicular antennas, and a 118-174 MHz tunable, telescopic antenna to address mobile wireless, portable instrumentation and wireless monitoring applications.
New Vehicular Antennas
Pasternack’ s new GPS/GLNSS antennas provide precise reception of satellite timing signals and reference frequencies for use in advanced mobile and base station network applications. These IP67-rated outdoor antennas are suitable for use in harsh environments. The combinations of NMO mount with integrated GPS and GLNSS antennas feature a 30 dB gain LNA for the GPS models and a 28 dB gain LNA for the GPS/GLNSS models, and both are IP66-rated for use in harsh environments.
The 12 new vehicular poly spring and poly flex antennas feature wideband and tunable models, and ground dependent and ground independent models that handle up to 150 watts of input power. The vehicular antenna kits support frequency ranges of 108 MHz to 870 MHz and include a duplexer, NMO mounts, two antennas, coaxial cable and crimp-on Type-N connectors.
Pasternack’s glass-mount antenna supports frequency ranges of 824-960/1710-2170 MHz and features 2 dBi gain. A new PE51TW1000 portable UHF antenna offers high performance in the UHF frequency range of 118-174 MHz, is field tunable, and features a flexible support mast and telescopic radiator.
"This new antenna line was developed to address the growing need for wireless communications in vehicular applications, including public safety, and applications requiring network time synchronization and precision frequency reference. Our new GPS and vehicular antennas provide users with durable, high-quality solutions to a wide range of mobile communication applications," said Gabriel Guglielmi, Vice President of Product Management.
Pasternack’s new GPS, vehicular and portable UHF antennas are all in stock and available for same-day shipping with no minimum order requirement.
For inquiries, Pasternack can be contacted at +1-949-261-1920.
About Pasternack:
A leader in RF products since 1972, Pasternack is an ISO 9001:2015 certified manufacturer and supplier offering the industry’s largest selection of active and passive RF, microwave and millimeter wave products available for same-day shipping. Pasternack is an Infinite Electronics brand.
About Infinite Electronics:
Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMeCables, INC-Installs and Integra Optics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment.
Press Contact:
Peter McNeil
Pasternack
17792 Fitch
Irvine, CA 92614
(978) 682-6936
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Cohesio Group to bring Silicon Valley’s Fetch Robotics solutions to Australia and New Zealand region
MELBOURNE, Australia and SAN JOSE, Calif., June 12, 2020 /PRNewswire/ — Technology solutions provider Cohesio Group (Körber Supply Chain) has announced it has formed a partnership with autonomous mobile robot (AMR) provider, Fetch Robotics. The two leading providers will collaborate to help retailers and logistics providers in the Asia Pacific region to deliver advanced automation through flexible and scalable solutions.
Cohesio Group (Körber) partners with Fetch Robotics to deploy Fetch’s flexible and scalable AMR solution in Australia and New Zealand.
Formed in 2014, the California-based intralogistics automation company pioneered the world’s first cloud robotics platform for delivering on-demand automation in any facility.
Fetch Robotics is unique in that it provides a cloud robotics platform that autonomously moves and tracks virtually anything in any warehouse or manufacturing environment ranging from parts as small as a transistor to pallets weighing 1500 kilograms.
Headquartered in Silicon Valley, Fetch Robotics provides the only autonomous mobile robot solution that deploys in hours as opposed to days or weeks.
The intralogistics provider has received a number of accolades including being named as a Leader in IDC MarketScape for Autonomous Mobile Robots for General Warehouse Automation 2019, being recognised by Fast Company in the category of Most Innovative Company and named as a Technology Pioneer by the World Economic Forum in 2018.
Cohesio Group will add Fetch Robotics to its already extensive portfolio of enterprise-graded solutions spanning automation, voice enabled technologies, handheld devices and workflow optimisation.
The leading technology solutions provider has recently deployed solutions for CEVA Logistics, Wesfarmers and Bollore Logistics to name a few, providing efficiency and productivity gains upwards of 200 per cent.
In Asia Pacific, the industrial robotics market is expected to grow by more than 13 per cent and is set to reach AUD $151 billion by 2026, according to data released by market research provider Research and Markets. Increasing customer demand is a major driving factor in this, and Cohesio Group has been at the centre of major automation deployments in the Asia Pacific region.
"Fetch Robotics is a market leader in automation. At Cohesio we always want to offer our clients the very best and latest technology in automation and have therefore made the decision to broaden our portfolio in partnering with Fetch Robotics. We know the demand for automation in this region is growing, and we want to ensure we can offer a full range of products and services to our customers to help them meet this challenging demand," Nishan Wijemanne, CEO of Cohesio Group said.
"We are excited to partner with Cohesio Group. We know that Cohesio has a reputation in this region for working closely with its customers to establish flexible and agile automated solutions. In Cohesio we have found a partner who is pushing the boundaries of what is possible in automation and technology and is committed to innovation across the entire supply chain. For this reason, we are very excited to see what we can achieve together in the fast-growing Asia Pacific e-commerce market," Melonee Wise, CEO of Fetch Robotics said.
"The Fetch Robotics solutions offer immediate efficiency gains around travel and labour time. The robots can be fully operational in a matter of hours and do not require extensive changes to warehouse environments or existing processes. Providing significant efficiency and productivity gains, warehouse operators instead have the time to focus on higher-level and more productive tasks," Ravi Nath, Head of Automated Solutions at Cohesio Group said.
Cohesio Group was acquired by international logistics giant Körber in September last year. It was recently announced that Cohesio Group would join eleven other sister companies under the umbrella Körber Supply Chain as part of a global rebrand. The united brand will become a leading international technology provider with a diverse range of capabilities spanning software, automation, voice, robotics and material handling equipment.
About Fetch Robotics
Fetch Robotics is an award-winning intralogistics automation company headquartered in Silicon Valley. By combining autonomous mobile robotics with the power of the cloud, the Fetch Cloud Robotics Platform provides on-demand automation solutions for material handling and inventory management, with the power to find, track, and move almost anything in any facility. Fetch Robotics’ solutions and services are deployed in leading distribution, fulfillment, and manufacturing centers around the world, augmenting workforces to drive increased efficiency and productivity. For more information, please visit www.fetchrobotics.com or follow the company on Twitter @FetchRobotics.
About Cohesio Group
Cohesio Group, a part of international technology group Körber, is a leading integrator and developer of tech solutions that enable rapid optimisation of workflows and processes and is also an idea generating partner for strategic concepts. With offices across the Asia Pacific, Cohesio Group creates innovative technology transformations that span across supply chain and logistics including warehousing and distribution centres, transportation, manufacturing, healthcare, pharmaceutical, FMCG and retail. Cohesio Group’s enterprise-grade solutions range from voice-powered technology that enable hands-free workflows through to new-generation mobility solutions, software applications that provide actionable business insights and retail fulfilment as well as solutions such as Autonomous Mobile Robots that enable automation in distribution centres. Learn more at www.cohesiogroup.com
About the Körber Business Area Supply Chain
Supply chains are growing more complex by the day. Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. Capable of delivering not just software, but automation, voice, robotics, and materials handling – plus the expertise to tie it all together. We are a global partner not just for today, but also as the needs of supply chains continue to evolve. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber. Find out more on www.koerber-supplychain.com
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Related Links :
http://www.cohesiogroup.com
Cohesio Group, part of Körber unveils new sorting AMR solution
MELBOURNE, Australia, June 11, 2020 /PRNewswire/ — Cohesio Group, now Körber Supply Chain, has launched a new sorting robot solution in Australia and New Zealand.
Expedite the sortation for parcels, eCommerce, wholesale and store replenishments on table-top as well as mezzanine levels with Körber AutoSort Mobile by Cohesio Group.
Set to be a game-changer for the ANZ supply chain and logistics industry, the Körber AutoSort Mobile solution will give logistics operators the opportunity to maximise operational capabilities through flexible, affordable and scalable automation.
This product is manufactured by Zhejiang Libiao Robotics Co., Ltd. (AIC Systems), a modern high-tech enterprise specialising in R&D, manufacturing and the sale of robotic products. The company leads the way in research and innovation in the field of artificial intelligence and automation projects in logistics.
This new solution will compliment Cohesio Group’s current portfolio of enterprise-grade solutions including voice-powered technology and goods-to-person automated mobile robots (AMR).
The Körber AutoSort Mobile offering differs from a traditional sortation system in that it does not require a fixed track. The solution uses free-moving, independent robots that help businesses reduce their heavy reliance and investment in fixed automation. Instead, the Körber AutoSort Mobile AMRs offer greater scalability at a comparatively economical investment and thus a much quick return on investment.
It utilises AMRs that allow dynamic sortation, taking the shortest and most direct path. This kind of flexibility offers significant efficiency and productivity gains over a traditional cross belt or shoe sorter. As this solution can also be operated on a table-top, this form of picking or sortation offers increased flexibility during peak periods, such as what has been seen during COVID-19.
Furthermore, the capital required for deploying the Körber AutoSort Mobile solution is up to 60 per cent less than a traditional sortation system.
"We are excited to release this new AMR solution in Australia and New Zealand. Since the beginning of the COVID-19 pandemic, there has been a significant surge in e-commerce and online shopping consumers. In order to fulfil this challenging demand, many of our clients are exploring further opportunities in automation. We have listened to their requests for more scalable and affordable automation solutions–whether that be automation installed in limited spaces or mezzanine levels or those that can be quickly deployed in pop–up DCs or dark fulfilment store. I am very proud to add the new Körber AutoSort Mobile table-top sorting AMR solution to our existing AMR portfolio," Nishan Wijemanne, CEO of Cohesio Group said.
The Körber AutoSort Mobile solution also offers ultimate flexibility, with the ability to scale up when needed. "Robots can be added during peaks in demand, and the system expanded at any time. The system can be very easily redeployed elsewhere in the warehouse when needed. This is particularly helpful when you see spikes in demand for specific SKUs, like we know retailers have experienced during COVID-19," Nishan said.
"As the level of investment is notably lower than traditional sorting methods, and we can offer implementation timeframes of as little as three to five months, this system generates more than twice the ROI of traditional sorting systems. I am confident that this new offering will shake up warehousing and logistics operations in Australia and New Zealand," Ravi Nath, Head of Automated Solutions at Cohesio Group said.
"The Körber AutoSort Mobile requires shorter lead times and significantly less space than traditional sortation systems. A further advantage is that there is no single point of failure anywhere in the system. We know that conveyor downtime can be a huge cost to any operation. With this solution, if there is any failure it will only impact one single element, enabling the solution to continue," Rizan Mawzoon, Head of Transformation at Cohesio Group said.
The Körber AutoSort Mobile is ideal for a wide variety of goods across parcel sortation, e-commerce, wholesale and store replenishment. It can be utilised for picking, sortation, table-top and mezzanine sortation and is capable of handling goods of up to 25 kilograms. Additional robots can be added to the operation in a matter of seconds, ensuring that there is no interruption in workflow or downtime.
"The use cases for this kind of automation are vast, whether it’s a large-scale e-commerce operation, retailer, 3PL or freight provider. Simply put, it’s for anyone who has a volume or pop up requirement for sorting products," Nishan said.
Boasting some of the biggest names in retail and logistics on its roster, Cohesio Group has deployed autonomous solutions for Wesfarmers, Bollore and CEVA Logistics, among others.
The leading technology provider was acquired by Körber in September last year, and recently announced that it would join eleven other sister companies under the umbrella Körber Supply Chain. The united brand will become a leading international technology provider with a diverse range of capabilities spanning software, automation, voice, robotics and material handling equipment.
Access the Körber AutoSort Mobile brochure via www.cohesiogroup.com/download-korber-autosort-information-brochure/
About Cohesio Group
Cohesio Group, a part of international technology group Körber, is a leading integrator and developer of tech solutions that enable rapid optimisation of workflows and processes and is also an idea generating partner for strategic concepts. With offices across the Asia Pacific, Cohesio Group creates innovative technology transformations that span across supply chain and logistics including warehousing and distribution centres, transportation, manufacturing, healthcare, pharmaceutical, FMCG and retail. Cohesio Group’s enterprise-grade solutions range from voice-powered technology that enable hands-free workflows through to new-generation mobility solutions, software applications that provide actionable business insights and retail fulfilment as well as solutions such as Autonomous Mobile Robots that enable automation in distribution centres. Learn more at www.cohesiogroup.com
About the Körber Business Area Supply Chain
Supply chains are growing more complex by the day. Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. Capable of delivering not just software, but automation, voice, robotics, and materials handling – plus the expertise to tie it all together. We are a global partner not just for today, but also as the needs of supply chains continue to evolve. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber. Find out more on www.koerber-supplychain.com
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Related Links :
http://www.cohesiogroup.com
Karma Automotive Names New Chief Strategy Officer To Drive Corporate Growth
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– Greg Tarr will lead strategy, corporate development, business development, product planning and new ventures
IRVINE, California, June 8, 2020 /PRNewswire/ — Greg Tarr has joined Karma Automotive as Chief Strategy Officer (CSO).
Greg Tarr, Chief Strategy Officer, Karma Automotive
As CSO, Tarr will report directly to Karma CEO Dr Lance Zhou, providing valuable insight and leadership for Karma’s business model, strategic innovation and future product portfolio. As Karma Automotive develops future vehicle programs across Electric Luxury Cars, Supercars, Commercial Vehicles and Technology Platforms, Tarr’s strategic guidance will strengthen the company’s growing global presence and product development. A new range of battery electric vehicles (BEV) starting with the all-electric Karma Revero GTE launches in Spring 2021.
"As Karma moves beyond the traditional automotive business model, we continue to seek a diverse range of talent who exhibit the disruptive strategies and entrepreneurial mindset adopted in tech hubs such as Silicon Valley," says Dr. Lance Zhou, CEO, Karma Automotive. "Greg’s leadership experience in Silicon Valley automotive and mobility startups, global network, venture capital and Toyota background will be a valuable asset to Karma’s executive team."
"Karma is reinventing the luxury electric category with innovation. Karma products intersect new mobility innovation, iconic/exclusive design and bespoke craftsmanship which converge to create the next generation of luxury electric cars, supercars and SUVs," says Tarr. "Karma will leverage its vast intellectual property portfolio and Southern California manufacturing facility, KICC, to partner with large OEMs and cutting edge startups to deliver the future of mobility for an enhanced customer experience."
Greg’s past leadership roles include: Corporate Venture Capital: Vodafone China, Singtel’s Globe Telecom, Axiata Group and Rogers Communications, Startups: Glympse- Board of Directors/CSO, Automatic Labs- CSO (M+A- Sirius XM) , Networks in Motion- VP Asia (M+A- TCS), Jibe- Board of Directors (M+A- Google), RX Networks- Board of Directors (M+A- Bluestar China), Kodiak Networks VP Asia (M+A- Motorola), Admobius- Seed Investor/Founding Member-Board of Directors (M+A- Lotame), Shanghai Linktone (Nasdaq), SmartPay China (M+A- Ping An insurance), Deutsche Bank- Head of Asian Technology Equity Research, Toyota’s USA HQ Technical Customer Service.
Greg has lived globally over a decade in Greater China, Japan, Korea, Vietnam, Singapore, Sweden, Canada and is originally from New York City.
About Karma
Southern California-based Karma is more than just a car company. Although we are best known as a creator of soul-stirring luxury electric vehicles, Karma produces commercial vehicles and automotive technology platforms. Founded in 2014, Karma is reinventing the traditional retail-based automotive business model by opening its engineering, design, customization and manufacturing resources to other companies looking to speed product development, access new technology, or make their products more luxurious. The Revero GT, Green Car Journal’s 2020 Luxury Green Car of the Year™ is a luxury electric vehicle powered by dual electric motors that embodies Karma’s goals of offering leading automotive design, technology, customization and an outstanding customer experience. Our retail partners in North America are now delivering the Revero GT to retail customers and will begin offering a performance version, the Revero GTS, later in 2020. Every Revero is created with great individual care and world-class craftsmanship at the Karma Innovation and Customization Center in Moreno Valley, Calif. For more information, visit www.karmaautomotive.com, or www.karmanewsroom.com.
Related Links :
http://www.karmaautomotive.com
http://www.karmaautomotive.com