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PR Newswire

INMOTION Set to Showcase Latest Innovations at Trade Show in Hong Kong

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SHENZHEN, China, April 10, 2023 /PRNewswire/ — A leading global company in the fields of intelligent short-distance transportation, INMOTION, announces their attendance at the upcoming Globe Source Consumer Electronics. The trade show is scheduled to be held in Hong Kong from April 11th-14th, 2023.

Inmotion will unveil a brand new ultra- high performance electric scooter Inmotion RS at the Global Source Consumer Electronics from April 11-14, 2023
Inmotion will unveil a brand new ultra- high performance electric scooter Inmotion RS at the Global Source Consumer Electronics from April 11-14, 2023

INMOTION a tech company creating electric vehicles for personal transportation. The company is responsible for R&D, manufacturing, marketing, and everything in between. With their focus on affordable and eco-friendly mobility solutions, INMOTION has quickly become a household name in the e-mobility industry.

At Globe Source Consumer Electronics, INMOTION plans to showcase their latest innovations in electric transportation technology, including their new line of electric scooter. Visitors to the INMOTION booth can expect to see sleek designs, advanced battery technology, and cutting-edge safety features that make these products stand out from the competition.

In addition to their existing products, INMOTION will also be unveiling a brand new ultra-high performance electric scooter. The vehicle delivers an impressive speed of 100km/h and it is the world’s first electric scooter with transformer system, one can experience four riding forms, transform from a sports car, sedan, SUV to an off-road vehicle, empowering you to take on any challenge.

“We’re thrilled to be attending Globe Source Consumer Electronics this year and to be able to share our latest innovations in electric transportation with the world,” said Bob Yan, CEO of INMOTION, “Our goal is to make sustainable mobility accessible and convenient for everyone, and we believe that events like Globe Source Consumer Electronics are the perfect opportunity to showcase the incredible potential of e-mobility.”

With their innovative approach to sustainable transportation and a commitment to providing affordable and accessible options for consumers, INMOTION is sure to be one of the most talked-about companies at Globe Source Consumer Electronics this year.

Simply learn more information from: https://www.facebook.com/InmotionWorld

About INMOTION

Founded in 2012, INMOTION is a global high-tech company integrated with R&D, manufacturing and marketing sensor-controlled vehicles for personal transportation. At present, INMOTION’s products lines cover electric unicycle, electric scooter, e-bike, hoverboard and more. Centered on these product lines, INMOTION will always strive to shape the transportation sector by crafting more cutting-edge rides to simplify the travel and commute within the city for all riders of all ages.

PR Contacts:

marketing@imscv.com

sales@imscv.com

PR Newswire

DEEPX and Hyundai Motor Company and Kia Corporation are collaborating on AI semiconductor-based Robot Platforms

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– Both companies will strategically cooperate in embedding AI chips into robot platforms

– For the past year in the process of examining in advance, various AI algorithms for robots were operated to check for the latest AI algorithm support, excellent AI accuracy, and high computing efficiency of the DEEPX NPU

– “This will be an opportunity for DEEPX’s AI semiconductor to become the mass-production ready core solution in the global smart mobility market”

SEOUL, South Korea, April 7, 2023 /PRNewswire/ — DEEPX and Hyundai Motor Company and Kia Corporation will cooperate with technology development for on-device AI technology for robot platforms.

DEEPX to work with Hyundai Motor Company and Kia Corporation on AI semiconductor load for robot platforms. On March 24(Friday) at the Uiwang Research Facility of Hyundai Motors & Kia Corporation, DEEPX announced its execution of the MOU on AI semiconductor use for robot platforms, with the representatives of both companies including Lok-Won Kim, CEO, and Dong-Jin Hyun, Robotics lab leader of Hyundai Motors & Kia Corporation present. (Right: DEEPX CEO Lok-Won Kim, Left: Hyundai Motors & Kia Corporation)
DEEPX to work with Hyundai Motor Company and Kia Corporation on AI semiconductor load for robot platforms. On March 24(Friday) at the Uiwang Research Facility of Hyundai Motors & Kia Corporation, DEEPX announced its execution of the MOU on AI semiconductor use for robot platforms, with the representatives of both companies including Lok-Won Kim, CEO, and Dong-Jin Hyun, Robotics lab leader of Hyundai Motors & Kia Corporation present. (Right: DEEPX CEO Lok-Won Kim, Left: Hyundai Motors & Kia Corporation)

On March 24 (Friday) at the Uiwang Research Facility of Hyundai Motors & Kia Corporation, DEEPX announced its execution of the MOU on AI semiconductor collaboration use for robot platforms, with the representatives of both companies including Lok-Won Kim CEO, and Dong-Jin Hyun, Robotics Lab leader of Hyundai Motors & Kia Corporation.

DEEPX develops AI semiconductors and implements AI technology used in various electronic devices that exist outside of the data center with high-performance and low-power advantages. Currently DEEPX has 4 kinds of AI semiconductors that are optimized for performance and function that can match with various edge and server AI application fields and have secured more than 150 patents, both domestic and international, that are related to fundamental AI semiconductor technology. Domestically, DEEPX is evaluated as the leading AI semiconductor fabless company, and DEEPX is targeting the global edge AI market.

During the Proof-of-Concept (PoC) conducted over the past year by Hyundai Motor Group and Kia Robotics Lab, DEEPX demonstrated outstanding AI performance by providing higher AI accuracy with INT8bit than FP32bit. In addition, it has been proven that various robot application AI algorithms developed by the Robotics Lab can be smoothly operated, making it possible to implement AI models required by robots. In particular, it is evaluated as suitable for mass production of battery-powered robot products due to its exceptionally high AI computational efficiency and low power operation.

This agreement aims to cooperate on the application of DEEPX’s AI semiconductor technology to the robot platform currently under development with the aim of commercialization by Hyundai Motor Group and Kia. To achieve this, the two companies will incorporate AI functions for robots into DEEPX’s AI SoC (System on Chip) products, verify their operability and mass production for deployment in the final products developed by Robotics Lab. In this way, the AI technology can be implemented in the robots developed by the Robotics Lab.

Lok-Won Kim, CEO commented: “According to the global market research data, the size of the global smart mobility is expected to grow to be about 145 billion dollars by the year 2027. For the AI semiconductor, the core technology of this market, there are currently no optimized solutions for each detailed fields, therefore it is possible to lead the market if a mass production-ready solution is prepared. Having technology cooperation with the global market leader Hyundai Motors and Kia Corporation will present DEEPX’s AI semiconductor an opportunity to become the core solution of the future market in the related field. This is a great inspiration for us. DEEPX has succeeded in commercializing NPU IP in 2021, and I am grateful to earn the chance to demonstrate the test for mass-production as soon as we reach NPU development milestone this year”.

Dong-Jin Hyun, leader of the Robotics Lab of Hyundai Motors & Kia Corporation said, “I expect we can lead the excellent robotics service development in both performance and price by combining the SW technology of the Robotics Lab and DEEPX’s HW technology.” He also added, “As soon as we confirm and examine the superiority of DEEPX NPU chip products, we will carry on with further cooperation and apply it to the robot that is under research and development.”

Contact

Ah-hyeong Lee, PR & Marketing Manager, lah@deepx.co.kr  

Company official SNS guide (Online channel)

Company page: https://deepx.co.kr/  

Company Linkedin: https://www.linkedin.com/company/deepx-corporation/  

Official YouTube: https://bit.ly/3Q0VRdw  

PR Newswire

FROST & SULLIVAN HONORS STRADVISION WITH THE PRESTIGIOUS GLOBAL TECHNOLOGY INNOVATION LEADERSHIP AWARD

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SEOUL, South Korea, March 27, 2023 /PRNewswire/ — Frost & Sullivan has announced that STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, has won the Frost & Sullivan 2022 Global Technology Innovation Leadership Award in the advanced driver assistance system (ADAS) and automated driving (AD) perception software industry.

STRADVISION has won the Frost & Sullivan 2022 Global Technology Innovation Leadership Award in the advanced driver assistance system (ADAS) and automated driving (AD) perception software industry.
STRADVISION has won the Frost & Sullivan 2022 Global Technology Innovation Leadership Award in the advanced driver assistance system (ADAS) and automated driving (AD) perception software industry.

During the rigorous analytical award process, Frost & Sullivan evaluated multiple nominees in each category before determining the final award recipient. The process involves a detailed evaluation of best practices criteria across two dimensions for each nominated company. The firm found that STRADVISION excels in many criteria in the ADAS and AD perception space, including technology leverage and business impact.

“STRADVISION’s commitment to innovation and creativity enables it to develop optimized solutions that meet client needs and market demands,” said Deexeta Mohankumar, Research Analyst for Frost & Sullivan. “In addition, its core SVNet technology allows it to stay ahead of the competition by adopting advanced learning algorithms that deliver high efficiency and modularity. Demonstrating performance effectiveness with SoC-specific software architecture, STRADVISION has distinguished itself as a technology provider that can run deep learning-based vision perception features on leading SoC platforms. In contrast, most competitors still rely on ML-based solutions, which require large data sets, time, and resources to improve accuracy.”

“We’re pleased to see that our industry-leading approach to innovation is being widely recognized by such prestigious institutions as Frost & Sullivan,” STRADVISION USA CEO Sunny Lee said. “We will continue to push for an integrated future for vision and artificial intelligence technology in consumers’ everyday lives by providing our customers with best-in-class software for safer assisted and autonomous driving.”

Frost & Sullivan’s research on the global autonomous passenger vehicle market in 2022 indicates that the total addressable market for L1 to L4 autonomous vehicles will reach 74.54 million units by 2028, with 59% of the vehicles equipped with an L2 and above ADAS/AD software stack. This presents a vast opportunity for ADAS/AD perception technology developers such as STRADVISION. The ADAS/AD solutions based on STRADVISION’s SVNet technology are available in more than 50 vehicle models of 13 OEMs, accounting for over 550,000 consumer vehicles in global markets.

Frost & Sullivan’s full summary on the award and their selection of  STRADVISION can be found HERE.

The Frost & Sullivan recognition came after a busy year for STRADVISION in 2022, including significant workforce growth of 69.2% YoY for the company, both in North America and globally. The company achieved Series C funding of $88 million ($129 million cumulative funding to date), and its recent rebranding and evolved company vision will extend the implementation of its innovative computer vision software to industries beyond automotive. Additional 2022 and early 2023 milestones include SVNet software implementation for Texas Instruments’ TDA4 automotive processor, the successful completion of proof-of-concept (PoC) and production projects for more mass production with global OEMs and Tier-1 companies, and STRADVISION’s SVNet software being once again selected as the ‘Best-in-Class Software for Perception Systems’ during the 2022 AutoSens Awards in Brussels, Belgium.

About STRADVISION

Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION’s SVNet is being deployed on various vehicle models in partnership with OEMs; can powers ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, Friedrichshafen, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan’s 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2021 and 2022 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION’s software is certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety.

PR Newswire

Lexasure Financial Group and Blimobil Announce Proposed Strategic Partnership

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JAKARTA, Indonesia, March 24, 2023 /PRNewswire/ — Lexasure Financial Group Limited (“Lexasure” or the “Company”), a leading provider of reinsurance and insurtech solutions in South and Southeast Asia, and PT Nawa Carciege Indonesia (“Blimobil“), an Indonesian digital trading platform in the auto market, announced a memorandum of understanding for a proposed strategic partnership that will provide a broad range of insurance offerings in Indonesia. 

Under the terms of the agreement, Lexasure will make an investment in Blimobil.  Blimobil’s marketplace, enabled by Lexasure and its partner network of insurers, will offer access to insurance products, including car insurance, usage-based auto insurance, home appliance, auto extended warranty insurance, and guaranteed asset protection (GAP) insurance.

Davy Jeffry Tuilan, Chief Executive Officer of Blimobil, said, “Launched in January, Blimobil is a rapidly growing online platform that connects independent car dealers, members, and buyers in Indonesia, with over 250 used car dealers currently participating in our network and rapidly scaling to 1,000 used car dealers by the end of 2023. Partnering with Lexasure broadens our ability to meet consumer needs with one-stop shopping for auto, financing, and now insurance products and services.”

Under the proposed strategic partnership, Lexasure will also provide back-end digital onboarding solutions and claims management for new insurance products through reinsurance capabilities such as personal cybersecurity insurance, personal accident, electronic products, extended warranty, pet insurance, and other lifestyle insurance.

“Building strategic partnerships is a cornerstone of our near-term strategy as we seek to accelerate the industry’s digital transformation and grow our footprint in key markets,” said Ian Lim, Chief Executive Officer of Lexasure. “Working with Blimobil presents an opportunity to offer a competitive suite of insurance products in the region with a local partner that can add value to a growing base of consumer relationships.”

The creation of the proposed strategic partnership is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.

About Lexasure Financial Group

Lexasure Financial Group is a leading Southeast and South Asia group providing reinsurance and digital insurance solutions, including Reinsurance-as-a-Service (RaaS), that enable our clients to manage risk, accelerate growth, and effectively compete. We are driving the digital transformation of the insurance and reinsurance industry with scalable and innovative products that meet the local needs of companies and people in fast-growing Asian markets. Our management team has deep expertise in the industries of reinsurance, insurance, and insurance tech. Our values are based on a belief that our products enable customers to live and grow boldly while enhancing resilience. We serve over 60 primary insurers across 22 countries in Asia and North America. For more information, go to lexasure.com.

About PT Nawa Carciege Indonesia (aka Blimobil)

Blimobil is a marketplace that synergizes used car, new car, and car financing businesses with the power of its used car dealer network to create a comprehensive online ecosystem. It empowers used car dealers to compete confidently and thrive in the industry-4.0 era while providing a customer journey that’s easy to navigate, a rigorous used car screening process, access to new car supply, and flexible financing.

Investor Contact

Crocker Coulson, CEO, AUM Media
+1 (646) 652-7185
crocker.coulson@aummedia.org

PR Newswire

Hanyun Platform from XCMG Machinery Obtains CMMI Level 5 Certification

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XUZHOU ,China, Feb. 25, 2023 /PRNewswire/ — Hanyun Platform from XCMG (SHE:000425; the “XCMG”) has recently passed a significant evaluation of international authoritative institutions, and successfully obtained a certificate of Capability Maturity Model Integration level 5 (“CMMI5”).

Hanyun Platform from XCMG Machinery Obtains CMMI Level 5 Certification.
Hanyun Platform from XCMG Machinery Obtains CMMI Level 5 Certification.

The CMMI is jointly developed by the United States Department of Defense, Carnegie Mellon University and the National Defense Industry Association. As one of the most prestigious certifications in the global software industry, a CMMI certification is an important indicator to measure the engineering development ability of software enterprises.

The CMMI international certification system is divided into five levels—-initial (Level 1), managed(Level 2), defined(Level 3), quantitatively managed(Level 4) and optimizing(Level 5). The higher the level, the more mature the enterprise software capability. CMMI5 is the highest level, recognized as the “ceiling” of software development capability certification in the field.

XCMG Hanyun Platform had passed CMMI3 certification as early as 2017, achieving the comprehensive integration of technology R&D and quality management with international standards. This time, the certification was valid for eight months. According to the CMMI5 model standard, the evaluation team conducted an all-round assessment of the applicable capability areas and practice areas of the Hanyun Platform through personnel interviews, on-site demonstrations and document inspection.

After some deliberation, the team agreed that the XCMG Hanyun Platform fully meets the objectives and practical requirements of the CMMI5 standard in terms of R&D capability, process organization capability and quality management level. The successful passing of CMMI5 certification is another major breakthrough of the XCMG Hanyun Platform after being selected into the Gartner Magic Quadrant. The recognition of international authoritative institutions means that the XCMG Hanyun Platform has reached the international benchmark in regard to software capability maturity, software R&D capability, service delivery and project management.

With an emphasis on innovation, the XCMG Hanyun Platform has to date played an instrumental part in some of the world’s top 500 and key enterprises, including China Railway Construction Co., Ltd., China Communications Construction Company, Power Construction Corporation of China, Jiangxi Copper Co., Ltd., and Kunming Yunnei Power Co., Ltd. As a pioneer of the Industrial Internet of Things (IIOT), it has led the way in the industry in this respect, providing digital transformation services for enterprises.

For more information about XCMG Machinery, please visit https://xcmg-usa.com/, or its pages on Facebook, Twitter, YouTube, LinkedIn and Instagram.

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PR Newswire

TuanChe Limited Announces Receipt of Minimum Bid Price Notice From Nasdaq

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BEIJING, Feb. 22, 2023 /PRNewswire/ — TuanChe Limited (“TuanChe” or the “Company”) (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it received a notification letter dated February 17, 2023 (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq”), indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company’s closing bid price per American depositary share (“ADS”), each representing sixteen Class A ordinary shares, par value US$0.0001 per share, of the Company, has been below US$1.00 for a period of 30 consecutive business days. The Deficiency Letter does not result in the immediate delisting of the Company’s securities.

Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until August 16, 2023 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per ADS is at least US$1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event that the Company does not regain compliance by August 16, 2023, subject to the determination by the staff of Nasdaq, it may be eligible for an additional 180 calendar days compliance period if it meets the continued listing requirements for market value of publicly held shares and all other initial listing standards, with the exception of bid price requirement, of the Nasdaq Capital Market, and provides written notice to Nasdaq of its intention to cure the deficiency.

The Company intends to monitor the closing bid price of its ADSs between now and August 16, 2023 and is considering its options, including an adjustment of its ADS-to-Class A ordinary share ratio, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. The Company is currently in compliance with all other Nasdaq continued listing standards. The Deficiency Letter does not affect the Company’s business operations, its U.S. Securities and Exchange Commission reporting requirements or contractual obligations.

About TuanChe

Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading integrated automotive marketplace in China. TuanChe offers services to connect automotive consumers with various industry players such as automakers, dealers and other automotive service providers. TuanChe provides automotive marketing and transaction related services by integrating its online platforms with offline sales events. Through its integrated marketing solutions, TuanChe turns individual and isolated automobile purchase transactions into large-scale collective purchase activities by creating an interactive many-to-many environment. Furthermore, leveraging its proprietary data analytics and advanced digital marketing system, TuanChe’s online marketing service platform helps industry customers increase the efficiency and effectiveness of their advertising placements.

For more information, please contact ir@tuanche.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s business plans and development and business outlook, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor and media inquiries, please contact:
TuanChe Limited
Investor Relations
Tel: +86 (10) 6397-6232
Email: ir@tuanche.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: tuanche@tpg-ir.com

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Mitchell 1 Applauded by Frost & Sullivan for Enabling Fleet Maintenance for All Types of Trucks with Its Automotive Diagnostic and Repair Software

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Mitchell 1’s TruckSeries software offers excellent application coverage and more frequent updates than competing solutions.

SAN ANTONIO, Feb. 15, 2023 /PRNewswire/ — Frost & Sullivan recently researched the medium/heavy truck aftermarket industry and, based on its findings, recognizes Mitchell 1 with the 2023 North American Technology Innovation Leadership Award. The company is North America’s top diagnostic and repair software supplier for automotive service shops, including large truck fleets and repair shops. Mitchell 1’s software suite provides calibration information for advanced driver assistance systems (ADAS), a growing and lucrative source of revenue for independent repair shops. The company supplies detailed data to fleets and maintenance/repair shops for all medium and heavy truck brands serviced in the aftermarket, making it the preferred solution provider.

Mitchell 1’s TruckSeries repair solution provides diagnostics to large fleets and repair shops, covering all makes and models of medium and heavy trucks. Apart from its updated ADAS repairs, TruckSeries features new wiring diagrams that help independent service providers compete with dealers on complex repairs. Dependence on TruckSeries increased in 2022 after 2 years of business closures, driver shortages, and supply chain disruptions, showcasing its importance in the medium and heavy truck aftermarket industry, particularly for fleet owners and independent service providers.

Stephen Spivey, program manager at Frost & Sullivan, observed, “Mitchell 1 employs dedicated content editors to continuously upload information about new repairs into TruckSeries and its other software solutions. Its in-house experts can quickly address complex repair questions for all truck types. Software companies or truck manufacturers cannot provide this degree of information across all vehicle platforms to service professionals in the aftermarket.”

Mitchell 1’s software solution competes with truck manufacturers and smaller software solutions that lack its amount of data and level of expertise. The company supports different aftermarket industry customers, outperforming its OEM sector competitors that develop software support only for the trucks they manufacture. The company’s aftermarket industry focus and superior customer service support TruckSeries, which is increasing its usership faster than competing software solutions. More and more fleets will migrate to the independent aftermarket (IAM) sector, where Mitchell 1 is the leader.

“Mitchell 1’s TruckSeries developers and product managers are also automotive and truck enthusiasts, and work directly with customers to continually improve the product. This allows them to provide superior customer service compared to other aftermarket software solutions,” added Spivey.

With its strong overall performance, Mitchell 1 earns the 2023 North American Technology Innovation Leadership Award in the North American medium/heavy truck industry. Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.

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

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

Contact:
Claudia Toscano
P: 1.956.533.5915
E: claudia.toscano@frost.com

About Mitchell 1
As a member of the Snap-on® TOTAL SHOP SOLUTIONS brand family, Mitchell 1 has been a leading provider of repair information solutions to the motor vehicle industry for more than 100 years. Mitchell 1 offers a complete line of integrated repair software and services, including vehicle repair information, business management and shop marketing services, to help commercial truck and automotive professionals improve productivity and profitability. For more information, visit the company’s website at mitchell1.com

Contact:
Janet Dayton
P: 1.858.391.5251
E: janet.dayton@mitchell1.com

PR Newswire

Magicycle Unveiled the World’s First Step Through Full Suspension Ebike

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ONTARIO, Calif., Feb. 15, 2023 /PRNewswire/ — After waiting for 2 months, Magicycle Deer, the mysterious full-suspension electric bike manufactured by Magicycle, finally made its world debut on the impressive product launch Livestream on February 1st, 2023, at 8:00 AM PST.

The first full suspension step thru ebike suv
The first full suspension step thru ebike suv

The Livestream was a great success for Magicycle as it had thousands of viewers watching this Live. Yao, the permanent host of Magicycle, was hosting the Livestream with passion and excitement as he is always a huge fan of Magicycle Deer. During that period, Magicycle had given away lots of accessories to thank its fans and customers for their support and love. More surprisingly, Magicycle even gave away a Magicycle Deer free of any charge.

Arguably, most viewers of this product launch were coming for Magicycle Deer. This is an all-terrain electric bike with technological breakthroughs from the Magicycle design team.

As a full-suspension electric bike, Magicycle has created Magicycle Deer to meet the needs of this growing electric bike market. It is quite obvious to see that the model of full-suspension ebike is getting more and more attention, especially for those who are chasing both comfort and performance. The full-suspension system on Deer is hydraulic, which means that the shock-absorbing capability is far better than those of regular ebike suspensions. Contributed by the excellent Magicycle design team, the Magicycle Deer full-suspension ebike is capable of adjusting the distance between the frame and the ground. It can easily traverse varying degrees of rough terrain.

The full-suspension system is one of many parts that are worth mentioning. As the title says, Magicycle Deer is the world’s first step thru full suspension ebike on the market. By far, no other brand makes a step-thru full-suspension ebike other than Magicycle. The design of the seat post triangle structure makes the front triangle, the middle tube, the rear shock absorber, and the rear rocker arm much more sturdy and stable, ensuring the comprehensiveness of the entire shock absorbing system. For people who may be a little bit short to ride a full-suspension electric bike, the step-thru version of the Magicycle Deer could be more friendly.

What makes this full-suspension ebike more outstanding is that it also serves as an ebike suv. “Ebike suv” is a new term that is unknown to most riders. It stands for a comprehensive ebike model that has all kinds of characteristics, including more comfort and power, longer range, large load capacity, etc. It is not difficult to see that the manufacturing of Magicycle Deer is inspired by real suv vehicles.

Magicycle Deer ebike suv has a motor that can reach an average output of 750W and a maximum output of 1100W. Like a real off-road suv vehicle, Magicycle Deer is capable of riding off-road wildly with this powerful motor.

As an Ocelot Pro or a Cruiser Pro, which are ebikes from Magicycle as well, Magicycle Deer comes with a 52V 20Ah. The 52V 20Ah battery is the reason why Magicycle can succeed in the ebike industry. 20 Ah battery capacity provides a long-range between 60 – 80 miles, which is long enough to take a long trip. Everyone can enjoy a long trip on Magicycle Deer. Moreover, the 52V voltage contributes to higher power efficiency.

As an ebike suv, Magicycle Deer is specially designed to carry cargo. Its rear rack is made to be longer and more sturdy, helping riders put more stuff on an ebike. The load capacity of the suv ebike is incredibly 400 lbs, enabling heavy riders to enjoy ebike riding as any other people.

For smooth handling, Magicycle equips Deer with a pair of hydraulic disc brakes. They allow riders to use only 2 fingers to brake and get strong braking power. In some urgent situations, hydraulic disc brakes can make a huge difference. The handlebar of Deer is made to be in a butterfly shape to relieve the fatigue of the whole body while taking a long ride.

Being the world’s first step thru full suspension electric bike for adults and the first suv ebike in the US, Magicycle Deer has brought a bunch of surprises for all kinds of riders. Now It is available at $2,699. By using the code FH300, you could get $300 off. Had better hurry up as it is a limited offer, come check out the link below:

https://www.magicyclebike.com/category/magicycle-deer

Magicycle Facebook Group: https://www.facebook.com/groups/415432329844739

Magicycle YouTube Channel: https://www.youtube.com/@MagicycleBike

The First Full Suspension Ebike SUV: https://www.youtube.com/watch?v=g2A6ub_RMHo

Media enquiries:
marketing@magicyclebike.com

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Appotronics Unveils World’s First Multi-Window Immersive Display Technology at CES

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Global laser innovation leader creates incredible mobility experience for drivers and passengers.

LAS VEGAS, Jan. 13, 2023 /PRNewswire/ — At CES 2023, Appotronics, a leading company in global laser display technology showcased its immersive multi-window laser-powered display solution in one global car maker’s vision car.

The vision car is the world’s first car with immersive display capabilities on all four side windows, offering flexibility to display laser-generated content as four transparent screens, making the vehicle more interactive for drivers and passengers. Users have the option to display content on both sides of the windows with ALPD® display devices hidden inside the cabin.

Dr. Yi Li, Founder and Chairman of Appotronics, remarked, “Bringing this advanced laser technology to CES is a ground-breaking moment for the automotive industry. In the past, laser displays on car windows were only imagined in films and on TV. Appotronics’ ALPD®  display technology is now turning this concept into reality, offering drivers and passengers an exceptional mobility experience.”

“As electric vehicles gain market share, our laser display solutions are being adopted more widely, taking different forms such as ultra-large screen projection, roof projection, side-window projection, smart surface projection and more. Outfitting electric vehicles with laser display technology makes perfect sense,” Li added.

Appotronics is a leading laser display manufacturer with research & development, patented core technology and critical component manufacturing capabilities. The company’s laser display solutions have been applied to a wide range of situations and sectors including automotive, movie theaters, home entertainment, exhibition halls, education and aviation. With 1,600 patents globally, Appotronics is now showcasing another example of its technology’s unique applications in the auto sector at CES in 2023.

The company currently offers three main product lines for smart cars, including onboard display, head-up display (HUD) and laser headlights. Appotronics’ laser technology works to combine the lighting and visual display on the interior and exterior of the vehicle, setting the stage for a variety of groundbreaking mobility solutions in the near future. Leveraging its proprietary laser display technology, Appotronics collaborates with experts across industries to create increasingly sophisticated automotive display solutions that will define the future of mobility.

About Appotronics 

Appotronics Corporation Ltd. is a leading laser display manufacturer with in-house R&D, patented core technology and critical components manufacturing capabilities. It was also one of the first companies listed on the Shanghai Stock Exchange Star Market (Code: 688007). Headquartered in Shenzhen, China, Appotronics has subsidiaries and offices in Beijing, Shanghai, Hong Kong and North America. Invented in 2007, Appotronics’ signature ALPD® laser display technology is the world’s first widely adopted laser technology in the industry. The technology has been adopted by a wide variety of venues and fields, including movie theaters, exhibition halls, virtual simulations, stage performances, aviation, automotives, business applications, education, home entertainment and more.

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HL Klemove and Sonatus Sign MOU for Collaboration on Next-Generation Automotive Architecture Technology at CES 2023

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Expected to Spur Development of Autonomous Driving Technology in Preparation for the SDV(Software Defined Vehicle) Era

LAS VEGAS and SEOUL, South Korea, Jan. 7, 2023 /PRNewswire/ — On January 6th, HL Klemove, which specializes in autonomous driving solutions for HL Group, signed an MOU with Sonatus, a company specializing in vehicular communication & data, at the 2023 CES in Las Vegas. The two companies have agreed to collaborate on the development of next-generation automotive architecture technology, in preparation for the upcoming “Software Defined Vehicle (SDV)” era, where mobility will be software-centered. Pal-joo Yoon, Hyung-jin Kang (CEO and CTO of HL Klemove, respectively), Jeffrey Chou and John Heinlein (CEO and CMO of Sonatus, respectively), attended the signing ceremony.  

From left to right: Sung-guk Kim Director of Sale Center, HL Klemove, Hyung-jin Kang CTO, HL Klemove, Pal-joo Yoon CEO, HL Klemove, Jeffrey Chou CEO, SONATUS, John Heinlein CMO, SONATUS, Chris Yang Korea Country Manager, SONATUS
From left to right: Sung-guk Kim Director of Sale Center, HL Klemove, Hyung-jin Kang CTO, HL Klemove, Pal-joo Yoon CEO, HL Klemove, Jeffrey Chou CEO, SONATUS, John Heinlein CMO, SONATUS, Chris Yang Korea Country Manager, SONATUS

Most vehicles are equipped with ‘distributed control architectures’, where dozens of electronic controllers function individually to provide mobility solutions. In this form of architecture, application of new software is much restricted due to each controller’s hardware-related constraints and other complex interrelations. To address this problem, diverse attempts are being made to integrate multiple electronic controllers on the next-generation automotive architecture. This phenomenon can be observed in DCU(Domain Control Unit), which integrates controllers of different functions, as well as in Z-ECU(Zonal Electronic Control Unit) which integrate controllers of different zones regardless of  Functions and Zones. Building upon the successful commercialization of DCU for autonomous driving, HL Klemove, in collaboration with Sonatus, plans to accelerate the development of next-generation automotive architecture technologies, including Z-ECU.

A vast amount of data is required to operate mobility solutions. Given that, stable data communication in a vehicle is an essential requirement for controller integration—the biggest reason for HL Klemove’s partnership with Sonatus. Sonatus not only possesses a high-quality communication platform, but it also succeeded in commercialization of vehicle communication controls, such as *CCU(Central Communication Unit). The two companies plan to focus on developing next-generation integrated control platforms; a prerequisite for realizing future vehicles such as SDV(Software-Defined Vehicles).

HL Klemove’s CEO, Pal-joo Yoon said at the CES site that day, “The CCU we introduced at CES was the first output of our collaboration with Sonatus,” adding, “By building the next-generation automotive architecture, we will ensure thorough preparation is made when facing the new automotive paradigm; the SDV.”

Sonatus, located in Silicon Valley is a mobility software developer founded in 2018, with a vision to helping vehicles become “Data Centers on Wheels.” Global automakers are paying close attention to its network-based communication and data solution technologies.

About HL Klemove

HL Klemove is a leading global autonomous driving solution provider with over 2,100 patents and a proven track record. The company started anew through the merger of two companies, ADAS business unit that has spun off from HL Mando (KS 204320), the global automotive parts company, and Mando-Hella Electronics, a leader in the automotive electronic parts technology. HL Klemove offers end-to-end solution for L2+/L3 autonomous driving and plans to launch next generation autonomous driving products such as high-resolution camera and integrated domain control unit until 2025. The company serves over fifty (50) customers who are major OEMs and EV & autonomous driving vehicle start-ups, worldwide. HL Klemove currently has 3 manufacturing footprints in Songdo (Korea), Suzhou (China) and Chennai (India). The newly established corporation in Mexico will be supporting its customers in North America. In addition to the manufacturing footprints, the company is operating R&D centers globally in places such as Pangyo (Korea), Bengaluru (India), Suzhou (China) and Silicon Valley (US). HL Klemove promises safe and comfortable driving through its advanced sensors and SW algorithm, on the strength of strong electronic product capabilities. For more information, visit [www.hlklemove.com]