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PR Newswire

ThroughPut.AI Unveils AI-powered Inventory Management Capabilities to Free-up Working Capital, Grow Revenue, and Expand Margins

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Revolutionary AI-based Supply Chain Decision Intelligence platform launches new inventory capabilities to identify and quantify working capital savings, while predicting and recommending opportunities to accelerate revenue and profitability

PALO ALTO, Calif., Aug. 13, 2024 /PRNewswire/ — ThroughPut Inc., the Gartner-recognized Industrial AI Supply Chain Analytics and Decision Intelligence pioneer, today announced the launch of new inventory management capabilities that empower businesses to drive higher profitability through powerful working capital spend projections, real-time inventory predictions, and dynamic rebalancing and replenishment recommendations.

The current release enables advanced visibility and actionability for businesses to manage their inventory and material movements across all their SKU’s, customers, locations, and supply chain end-points. As a result, they can increase inventory turns, ensure rapid availability of fast-moving products, and reduce safety stock and carrying costs. With these new capabilities, businesses now have the unprecedented availability to unlock capital, improve operational efficiencies, and boost margins. By leveraging ThroughPut’s patented, award-winning AI and Machine Learning supply chain decision intelligence platform on top of their existing diverse data systems, organizations of all types can rapidly pinpoint where capital allocation is insufficient, predict outcomes, and make recommendations enabling them to accelerate goods movement, revenue, and margins.

“ThroughPut.AI’s enhanced working capital management capabilities show our customers where their excess working capital lies, where their operations are underfunded, and projects how these gaps should best be optimized,” explains Seth Page, Chief Operations Officer and Head of Strategic Partnerships at ThroughPut.AI. “With advanced AI algorithms optimizing operations for financial analytics, insights, decision intelligence, and recommendations, we enable organizations to plan the best scenario for inventory spend down to the per SKU, per route, per location, per source, levels, so that they may cater to true demand at all times, whether sudden, seasonal, cyclical, or previously “unpredictable.” You can better analyze, predict and prepare for all these situations and many more by leveraging your existing diverse data systems with operational AI to achieve greater financial results.”

The new release focuses strongly on the following capabilities:

  • Projecting Working Capital Spend Optimization: Leverage powerful algorithms to identify when and where capital is unnecessarily tied-up, or where it needs to be supplemented to optimize flow of goods, cash, and profits.
  • Reducing Spend and Identifying Savings Opportunities: Identify specific SKUs on which spend can be safely reduced to enhance cost savings without compromising on product quality or service levels.
  • AI-powered Predictive Analytics: Get actionable insights, predictions and recommendations – on everything from inventory turnover rates to potential stockouts – to make proactive informed decisions that optimize inventory performance.
  • Advanced Demand Sensing: Move beyond traditional demand forecasting with stale assumptions and old data, and enable more accurate dynamic demand sensing to rapidly respond to shifts in market trends and customer priorities.

With ThroughPut’s latest release, businesses can rapidly segment their product portfolios, identify their best and worst performing products, adapt their product mix to prioritize fast-moving goods with higher contribution margins, and ensure the greater flow of goods, material, and cash.

PR Contact

Tina Jacobs

pr@throughput.ai

About ThroughPut Inc

ThroughPut.AI is a Silicon Valley-based Supply Chain AI-powered Decision Intelligence leader that puts Industrial material flow on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operational experience, from the shop-floor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies.

To learn more about ThroughPut Inc, visit our website today.

Additional Resources:

Source: ThroughPut Inc.

PR Newswire

CSafe launches reusable Silverpod pallet shipper to help pharma companies save on disposal costs and hit sustainability targets

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New pallet improves cost and operational efficiency while reducing environmental impact; includes real-time visibility with cloud connectivity

Key features include:

  • Made of fully reusable components and recyclable PCM (phase change material) refrigerants
  • New integrated real-time tracking device tracks GPS location, temperature, shock and tilt
  • Rental model reduces disposal costs and inconvenience, supported by CSafe’s recycle-reuse program
  • Available to pharmaceutical businesses and freight forwarders worldwide

MONROE, Ohio, July 29, 2024 /PRNewswire/ — CSafe, the provider of active and passive temperature-controlled shipping solutions for the pharmaceutical industry, has announced the launch of a new reusable pallet shipper – the Silverpod MAX RE – with a host of updated features. The new and improved product will help pharmaceutical customers around the world save on disposal costs, meet their sustainability targets and improve logistical transparency during the shipping journey.

Silverpod MAX RE
Silverpod MAX RE

CSafe has taken its globally recognized, single-use Silverpod MAX passive pallet shipper and enhanced it for reuse to create Silverpod MAX RE – a highly durable PCM pallet shipper made entirely of reusable components. This product directly assists the industry in hitting newly-imposed and increasingly stringent sustainability targets, contributing to a more sustainable shipping industry.

New features also include a built-in TracSafe RLT data logger for tracking the location of the shipment, which integrates with CSafe Connect (CSafe’s integrated digital supply chain ecosystem). This enables customers to get real-time visibility of their shipments throughout the entire journey. It also monitors payload temperature, external ambient temperature, shock, tilt and GPS location.

The new shipper, which offers 120+ hours of qualified thermal protection, is made from durable exterior panels with extended edge and corner cap protection that can be used time and time again. It’s supplied via a rental model where CSafe fully manages the life cycle and return of the product, eliminating disposal costs and inconvenience for the customer. The product is supplied flat-packed for the most cost-effective delivery, storage and assembly.

Patrick Schafer, CSafe CEO, said: “Reusability and quality are a major focus for pharmaceutical businesses needing to meet their sustainability targets, and we want to make it as easy as possible for them. With the Silverpod MAX RE, we’ve turned one of our best-loved flagship shippers into a fully sustainable product, while maintaining the high quality and best-in-class technology that CSafe is known for.”

For more information, visit https://csafeglobal.com/bulk-air-cargo/silverpod-max-re/#tech-specs

About CSafe
CSafe offers the pharmaceutical cold chain a broad suite of thermal shipping solutions worldwide. With a “patient-first” focus, deep expertise and commitment to innovation, CSafe matches your requirements to the best solution for your needs. Offering nearly any size, duration and temperature – CSafe is at the heart of your cold chain. csafeglobal.com

Press contact
Dominic Alston, Ballou PR
dominic.alston@balloupr.com
csafe@balloupr.com

CSafe
CSafe
PR Newswire

ThroughPut.AI and Inteligistics Announce Strategic Partnership to Transform Agriculture and Fresh Produce Supply Chains

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The Partnership focuses on driving maximum optimization of both the supply chain and interwoven cold chain to improve sales, profit margins, output, safety, and traceability.

PALO ALTO, Calif., May 21, 2024 /PRNewswire/ — ThroughPut Inc., the industrial AI supply chain Decision Intelligence pioneer, and Inteligistics, the leading digital visibility solutions provider for perishable supply chains, today announced a strategic technology alliance to accelerate profitability for the sales of perishable goods. This area is typically plagued by volatile prices and volumes, poor predictions, limited supply chain visibility, and excessive product spoilage. This leads to high rejection and discount rates, and avoidable lost margins. ThroughPut.AI, in collaboration with Inteligistics, will enable growers, suppliers, carriers, distributors, and retailers to significantly improve the efficiency of their supply and cold chain operations, thus ensuring that all fresh products – ranging from berries and vegetables to fish and meat – is sold profitably on-time and in-full for faster, fresher and safer delivery with full supply chain visibility.

Mutual customers introduced ThroughPut.AI and Inteligistics as complementary partners due to ThroughPut.AI’s patented, Gartner-ranked comprehensive Supply Chain Analytics & Decision Intelligence software, with Inteligistics’ industry-leading expertise in supply chain performance, productivity, and sustainability, where both have yielded high-value outcomes for customers, their consumers, and owner-investors across the globe. The two companies also share a common goal of minimizing waste, shrink, unfilled orders, and lost sales.

“We’re delighted to partner with Inteligistics as we look to expand our capabilities for our clients in the critical Food and Agricultural industry. Food and AG supply chains suffer from siloed legacy point solutions that don’t address today’s supply chain networks’ complexity and volatility. To overcome these modern Food and AG supply chain challenges, already existing but disparate data must be tapped into, stitched together, analyzed, visualized, and optimized with Industrial-grade AI for actionable recommendations and better results,” explained Seth Page, COO and Head of Strategic Partnerships of ThroughPut Inc. “By partnering with Inteligistics, we can provide customers with our unprecedented supply chain visibility, actionability, predictions and recommendations into customers’ cold chain operations as part of their larger end-to-end supply chain networks. This allows customers to leverage data at every step of the way to make the right produce available at the right place, at the right time, to the right customer, at the best price, in the correct quantities, and in the safest traceable manner possible.”

“Our partnership with ThroughPut.AI will empower agricultural producers, and buyers to leverage data for timely, intelligent decision-making, while accelerating margins,” said Rao Mandava, CEO and Chairman at Inteligistics. “Our customers will now have a unified common operating picture for a single source of truth for all their perishable inventory, enabling them to reduce risk, increase safety, and unlock new growth opportunities. The data is also available for our recently unveiled 1-Click FSMA 204 Traceability reporting solutions. All our supply and cold chain solutions work with data from a company’s legacy data platforms, including ERP, WMS and procurement systems, eliminating the major operational disruption associated with platform replacement.”

Joint Capabilities

Bringing together ThroughPut’s patented and award-winning AI-powered Supply Chain Advanced Analytics and Decision Intelligence solution with Inteligistics’ innovative supply and cold chain performance improvement capabilities will empower their customers to drive additional value in many key areas including the following:

  • Fill Rate: The joint solution will provide customers with an innovative fill rate model that will enable them to:
    • Dynamically allocate products when farm and producer outputs vary, thus ensuring timely demand fulfillment.
    • Proactively forecast customer demand, pricing, and volumes, as well as leveraging advanced analytics to balance supply with demand on a real-time basis.
    • Tailor fill-rates based on customer segmentation, helping customers to prioritize higher contribution margin product mixes with the best on-time and in-full (OTIF) rates to maximize returns.
  • Scheduling: The combined solution will empower suppliers and buyers to optimize loading facility and cross-docking queuing, slotting, scheduling, loading and usage via:
    • Data-driven recommendations for ideal order fulfillment time-slots based on customer segmentation, available inventory, and priority-based delivery of in-demand products across the supply chain.
    • Ensure necessary labor, docks and slots are available for loading on time to further enhance operational efficiency, greater throughput, higher output, and additional revenue and profit generation.
    • Streamline the scheduling process and maximize order fulfillment while minimizing delays, idle time, and site traffic.
  • Rejection and Discount Rates: Leveraging data inputs from Inteligistics and ThroughPut.AI will deliver fresh Food & Agriculture specific capabilities, including:
    • Actionable insights and recommendations to optimize end-to-end supply chain operations while maintaining traceable product quality and food safety, for a greater bottom-line with enhanced regulatory compliance.
    • Minimize rejection factors by analyzing data on product temperatures, sales history, and movements across supply chain networks to predict the likelihood of rejection or discounts, while reducing rejection rates and discounts in shipments that are fully traceable and quantifiable.
    • Minimize waste and discounts to consumers by managing the inventory from DCs to stores using predictive shelf life and First Expire/First Out distribution.

PR Contact

Tina Jacobs

pr@throughput.ai

About ThroughPut:

ThroughPut.AI is a Silicon Valley-based Supply Chain AI leader that puts Industrial material flows on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut.AI’s patented, Gartner-recognized AI-powered Supply Chain Analytics and Decision Intelligence software platform predicts Demand, reorients Production Capacity, reassigns Warehouse Space, and reorders Materials optimally, so businesses minimize overpromising and under-delivering, and maximize for their desired outcomes. As a rapid diagnostic platform, ThroughPut.AI both improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions could ever imagine. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operations experience, from the shopfloor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies that have impacted the world.

To learn more about ThroughPut Inc, visit our website today.

Additional Resources:

About Inteligistics: 

Inteligistics is uniquely placed in perishables industries using Silicon Valley technology and process improvements to bring digital transformation, turn Big Data into clear actions through AI/ML, and deliver high value improvements to supply chain and cold chain performance for perishable commodities. The resulting increase in productivity and reduction in critical cut-to-cool times, resources help meet sustainability goals. Using IoT, off-the-shelf wireless hardware, and proprietary cloud-based applications, Inteligistics develops custom solutions and provides an end-to-end integrated supply chain platform and standalone applications that improve quality, throughput, increase profits and deliver high ROI on the critical process of moving product from field to consumer. Visit inteligistics.com and linkedin.com/company/inteligistics.

Source: ThroughPut Inc.

PR Newswire

LG CNS Wins ‘Google Cloud Services Partner of the Year Awards for South Korea’ Two Years in a Row

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  • Awarded as the South Korean representative in the services sector, recognized for its leading MSP[1] business capabilities in South Korea
  • Providing tailored services to support clients’ successful cloud migration to deliver ‘distinctive client value’
  • Achieved Google Cloud Specializations in Data Analytics – Services, Machine Learning – Services and Cloud Migration – Services
  • Secured over 3,900 certifications from global CSP[2]providers including Google Cloud, AWS and Microsoft

SEOUL, South Korea, April 23, 2024 /PRNewswire/ — LG CNS, a leading DX (Digital Transformation) company, has been named ‘Google Cloud Services Partner of the Year’ for South Korea at ‘Google Cloud Partner Awards 2024’ for the second consecutive year.

Employees of LG CNS Cloud Business division celebrate winning ‘Google Cloud Partner Awards’ for the second consecutive year
Employees of LG CNS Cloud Business division celebrate winning ‘Google Cloud Partner Awards’ for the second consecutive year

The Google Cloud Partner Awards recognize the leaders of digital innovation that are leveraging Google Cloud to give clients new business value while recording exceptional achievements. Awards are presented across 14 categories, including services, industry solutions, public sector and social impact.

The services category recognizes the partner companies providing distinctive services through optimized Google Cloud migration that are tailored to the client’s business characteristics and help them achieve business success. In 2023, LG CNS was acknowledged for leading client DX innovation and Application Modernization (AM) by applying Google Cloud’s core services, including its cloud and data platforms. LG CNS provided distinctive client value by delivering customized services to clients across various industries including the gaming, logistics, retail and manufacturing sectors.

For example, LG CNS supported a South Korean company last year in building its own LLM (Large Language Model) model on Google Cloud, significantly reducing its trial and error in AI model training and allowing it to operate global services stably. For another South Korean company, LG CNS combined Google Cloud’s generative AI platform with client service to enhance its operational efficiency. LG CNS also conducted a Proof of Concept (PoC) using BigQuery[3] to analyze consumer marketing data for a third company, improving client value by enabling data analysts to perform their tasks effectively. Additionally, LG CNS participated as a service partner in migrating the existing database of a global company based in Singapore to Google Cloud.

LG CNS’s team of elite professionals, who excel in delivering premier cloud services, have laid the foundation for these achievements. With over 3,900 certifications from global top 3 CSP providers, including Google Cloud certifications such as cloud architect, cloud network engineer, data engineer, machine learning engineer and cloud security engineer, LG CNS ensures unparalleled proficiency in the field.

LG CNS continues to demonstrate its technical prowess by acquiring certifications and qualifications from Google Cloud including its Specialization for Data Analytics – Services in December 2023. The company has also achieved Specializations in Machine Learning – Services, Infrastructure – Services and Cloud Migration – Services as well as attaining its prestigious Premier Partner status in 2020 for Google Cloud in the Sell and Service Engagement Models, which Google Cloud reserves for its top-tier partners.

In August 2023, LG CNS began strengthening its technical and business collaboration with Google Cloud in the cloud and generative AI-related domains at the ‘Google Cloud Next 2023’ conference, where representatives from both companies convened to discuss avenues for enhanced cooperation.

“We have achieved outstanding results in the cloud-based generative AI business, encompassing the entire spectrum from MSP to AM and SaaS,” said Taehoon Kim, head of the Cloud Business division at LG CNS. “We will continue to foster a close partnership with Google Cloud to consistently deliver unique value to our clients.”

“Google Cloud’s Partner Awards celebrate the transformative impact and value that partners have delivered for clients,” said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud. “We’re proud to announce LG CNS as a 2024 Google Cloud Partner Award winner and recognize their achievements enabling client success from the past year.”

[1] MSP (Managed Service Provider): A cloud management and service company that provides services such as cloud construction, transition and operation, enabling enterprises to utilize the cloud provided by CSP.

[2] CSP (Cloud Service Provider): A company offering cloud platforms. For example, Google provides the Google Cloud Platform (GCP), Amazon offers AWS and Microsoft has Azure.

[3] BigQuery: A data analysis platform provided by Google Cloud.

About LG CNS 

LG CNS is a leading Korean digital transformation (DX) company that continues to pioneer various emerging technologies such as the cloud, generative AI, big data, smart factory, smart city, smart logistics and digital marketing. The company is also leading the market through innovative system integration (SI) and system management (SM) projects in finance, manufacturing, the public sector and various other industries. For more information, please visit www.lgcns.com.

PR Newswire

Hyundai Motor and Kia’s DAL-e Delivery Robot Arrives, Ready to Revolutionize Indoor Autonomous Delivery Services

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  • Hyundai Motor and Kia unveil DAL-e Delivery’s new design and advanced technologies, such as autonomous driving and face identification
  • The robot’s design is based on Plug & Drive (PnD) modules to improve delivery performance, especially in complex settings like offices and malls
  • DAL-e Delivery achieves a top speed of 1.2 m/s and navigates easily around obstacles and in narrow passages
  • The robot is equipped with face identification technology developed by Hyundai Motor Group’s Robotics Lab and certified by the Korea Internet and Security Agency
  • Its enhanced suspension ensures stable transportation, with an increased cargo capacity for up to 16 cups of coffee and items weighing up to 10 kg
  • Set to debut at IGIS Asset Management’s ‘Factorial Seongsu’ in the second quarter, DAL-e Delivery aims to revolutionize efficient F&B and parcel delivery services

SEOUL, South Korea, April 3, 2024 /PRNewswire/ — Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia) today unveiled the new design of their DAL-e Delivery robot with images and a video clip. This robot, based on the delivery robot introduced in December 2022, is expected to improve delivery performance, particularly in complex settings, such as offices and shopping malls.

DAL-e Delivery
DAL-e Delivery

Drawing from the insights gained from Hyundai Motor and Kia’s previous conveyance pilot project, DAL-e Delivery has undergone significant improvements in both design and performance for swift and dependable delivery services in complex indoor environments.

DAL-e Delivery
DAL-e Delivery

“DAL-e Delivery offers efficient and reliable F&B and parcel dispatch services to ensure customers receive goods promptly,” said Dong Jin Hyun, Vice President and Head of Robotics Lab at Hyundai Motor and Kia. “Our vision extends to implementing infrastructure interworking across diverse spaces, including offices, restaurants and shopping malls.”

DAL-e Delivery
DAL-e Delivery

To enhance driving stability, DAL-e Delivery is designed in a square column with rounded corners with the center of gravity at the bottom. The sensors are discreetly integrated, and the sophisticated metal-like design lends DAL-e Delivery a sleek, premium aesthetic.

DAL-e Delivery is based on four Plug & Drive (PnD) modules, a mobility solution that combines a motor with steering, suspension, braking systems and environmental recognition sensors. It can speed up to 1.2 m/s, with the free-moving PnD modules combined with advanced autonomous driving technology to recognize obstacles and easily navigate in congested areas. Also, the robot’s enhanced suspension provides a steady ride over bumps in the floor to ensure stable delivery.

PR Newswire

Tompkins Robotics Announces New Robotic Solution PickPallet

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ORLANDO, Fla., March 7, 2024 /PRNewswire/ — Tompkins Robotics, a global leader in robotic sortation solutions for distribution and fulfillment operations, today announced PickPallet, an autonomous pallet jack solution for warehouse and distribution centers around the globe. As the second offering in the Tompkins Robotics’ PickPal product line, the PickPallet offers case-to-pallet pick assisting and pallet movement throughout a warehouse.

Tompkins Robotics pick assist product line: PickPal & PickPallet
Tompkins Robotics pick assist product line: PickPal & PickPallet

“We’re thrilled to launch PickPallet as the newest member in our autonomous mobile robot family, a game-changer for warehouse operations and order fulfillment,” remarked Tony Villanova, vice president of PickPal Solutions at Tompkins Robotics. “This addition epitomizes our dedication to bringing more innovation to the market and marks a significant leap forward to help solve a number of challenges operators and businesses face every day.”

PickPallet offers swift implementation, allowing businesses to quickly leverage the benefits of intelligent order optimization, intuitive space management, and increased warehouse safety. PickPallet operates with precision, ensuring pallets are moved accurately and without damage. Its advanced navigation improves warehouse safety by detecting obstacles and avoiding collisions. Ultimately, these features enable customers to gain efficiency while spending less time on tedious and non-value-added tasks in the picking environment.

“At Tompkins Robotics, our mission is to deliver innovative robotic solutions to solve the most challenging supply chain problems,” stated Mike Futch, president and chief executive officer. “Since our early days delivering sorting solutions based on our tSort product family, we put customer feedback right in the center of our innovation efforts. We continually hear that customers need to do more with less, keep workers focused on high-value tasks, and drive operational efficiency in all areas of their business. PickPallet, and the entire PickPal product line, is a great example of delivering innovation to solve these challenges.”

Attendees at MODEX 2024 in Atlanta March 11th – 14th will have the opportunity to get a first look at PickPallet alongside the PickPal pick assist AMR. The product will be featured on the showroom floor in Booth B7843, where visitors can learn more about its features and capabilities.

About Tompkins Robotics

Founded in 2017, Tompkins Robotics is a global leader in robotic sortation solutions for distribution and fulfillment operations. Building on momentum from the award-winning tSort robotic sortation solution, the company continues to develop innovative robotic solutions to solve the most challenging supply chain problems. For more information, please visit www.tompkinsrobotics.com.

Contact Information:  

Tony Villanova  
Vice President, PickPal Solutions 
Tompkins Robotics 
tvillanova@tompkinsrobotics.com 

Photo – https://techent.tv/wp-content/uploads/2024/03/tompkins-robotics-announces-new-robotic-solution-pickpallet.jpg
Logo – https://techent.tv/wp-content/uploads/2024/03/tompkins-robotics-announces-new-robotic-solution-pickpallet-1.jpg

PR Newswire

Locus Robotics Partners With Booktopia To Revolutionise Its Customer Order Fulfilment

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Cutting-edge robotic technology will enhance efficiency and fulfilment speed in Booktopia’s new state-of-the-art customer fulfilment centre

WILMINGTON, Mass., March 6, 2024 /PRNewswire/ — Locus Robotics, a global leader in autonomous mobile robots (AMRs) for fulfilment warehouses, has partnered with leading online Australian book retailer, Booktopia, to enhance its customer order fulfilment processes at its new customer fulfilment centre at South Strathfield in Sydney.

The strategic collaboration marks a significant milestone in Australia’s e-commerce landscape, as Booktopia becomes one of the first companies in the country to leverage the power of Locus AMRs to significantly optimise its order fulfilment processes, enabling a reduction in handling time and faster delivery to customers.

Locus Robotics’ cutting-edge AMR technology will propel Booktopia’s fulfilment operations into the future, increasing efficiency, accuracy, and speed within its new distribution centre. The partnership aims to enhance Booktopia’s existing capabilities while meeting the ever-increasing demands of the online retail landscape. Locus Robotics’ adaptable and intelligent robots have begun seamlessly navigating the warehouse floors, working collaboratively with human counterparts to ensure timely and precise order processing.

Rick Faulk, CEO, Locus Robotics, said: “This partnership reflects Booktopia’s innovative forward-looking view of robotics and automation technology. Booktopia is uniquely positioned to optimise its fulfilment processes and seamlessly scale for growth using our powerful AMR solution. We are thrilled to partner with a leader in Australian e-commerce as they push boundaries through fulfilment automation.”

David Nenke, CEO, Booktopia said: “Our partnership with Locus provides the technology that enables us to take a significant step forward with our customer fulfilment operations and support our overarching commitment to delivering a first class experience for customers looking to buy books and gifts. The Locus team shares our dedication to operational excellence through their cutting-edge capabilities and desire to put the customer first. Thanks to technology like this, we have been able to deliver an even better service for our customers including through the busy festive retail period at the end of 2023.”

This collaboration underscores Booktopia’s commitment to investing in state-of-the-art solutions to support its future aspirations across its ANZ operations and cement its role as a leader in Australia’s e-commerce and logistics landscape.

–ENDS–

About Locus Robotics:
Locus Robotics is a global leader in autonomous mobile robots for fulfilment warehouses. The company’s innovative solutions enhance operational efficiency, increase productivity, and streamline order fulfilment processes. By seamlessly integrating advanced robotics with human expertise, Locus Robotics empowers businesses to meet the challenges of modern commerce head-on.

About Booktopia Group Ltd:
Booktopia is a leading Australian online bookstore, listed on the Australian Stock Exchange (ASX:BKG), selling books, ebooks, etexts, games & puzzles, stationery, e-readers, and audiobooks, delivering to every corner of Australia and New Zealand.

Booktopia has access to over 6 million books in its database and thousands of books in stock and ready to ship from its Sydney distribution centre, offering Australian readers a wide variety of international and local publishers. Proudly locally operated, Booktopia is Australia’s local bookstore.

###

For more information or enquiries about Booktopia:

Adam Freedman
Chief Brand and Communications Officer
adamf@booktopia.com.au
0429 493 313

For information or enquiries about Locus Robotics:

Kary Zate
Sr. Director Marketing Communications
kzate@locusrobotics.com
+1-774-249-4477

PR Newswire

U Power Announces Market Validation Phase of Shared Battery Swapping Solution for Two- and Four-wheeled EVs

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SHANGHAI, Feb. 12, 2024 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that their shared battery swapping solution designed for both two- and lightweight four-wheeled electric vehicles (“EVs”) has entered the market validation phase. The first batch of over 40 battery swapping stations offering battery swapping services for both two- and lightweight four-wheeled EVs has been set up in Shanxi, China, catering specifically to the needs of delivery services and the food delivery industry.

Upon successful completion of the market validation phase, the Company aims to extend its service by gradually deploying over 200 of their specialized battery swapping stations in additional Chinese provinces, including Shandong, Anhui, and Shanxi. U Power’s battery swapping technology seamlessly accommodates both two- and lightweight four-wheeled EVs by utilizing battery packs with identical specifications. This system allows different models of EVs to swap battery modules at the same station. For instance, two-wheeled EVs may use 2-4 sets of battery modules, while their lightweight four-wheeled counterparts may use 4-8 sets of battery modules. The procedure entails initiating the swap via cell phone verification at the battery station, followed by manual battery swapping.

Mr. Jia Li, Chief Executive Officer and Chairman of the Board, commented, “Our shared battery swapping solution is an exciting innovation for individuals employed in the delivery industry. We are confident that our solution will help delivery service providers lower their daily operating costs, while enhancing overall vehicle efficiency. When compared to the cost of purchasing and charging a battery, our leasing system is projected to reduce battery operating expenses by around 30%. Once our solution officially launches, we anticipate the creation of significant business opportunities that will generate long-term value for our shareholders.”

About U Power Limited

U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China’s lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company’s website: http://ir.upincar.com/.

Forward-Looking Statements

This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Contact

U Power Limited
Investor Relations Department
Email: ir@upincar.com

Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415

PR Newswire

Denodo gains momentum in Thailand with growing demand for next-generation logical data management

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Thailand is one of Denodo’s focus markets as the company’s overall APAC business growth supersedes other regions; affirms the opportunities for Denodo’s data innovations and solutions

BANGKOK, Jan. 16, 2024 /PRNewswire/ — Denodo, a leader in data management, is committed to growing its presence in Thailand to deliver the next frontier in logical data management, led by Dr Nitipong Boon-Long, Country Director of Thailand; and overseen by Robin Fong, Regional Vice President & General Manager of ASEAN & Korea.

Working closely with leading Thai System Integrators, Denodo recently partnered with one of the largest healthcare providers in Thailand, who deployed Denodo to substantially improve its Hospital Information System (HIS) for enhanced patient care and improved operational efficiency. This collaboration signifies Denodo’s strategic venture into Thailand’s healthcare sector – positioning Denodo as accelerating excellence in healthcare through digitally-driven healthcare data management. Denodo’s logical approach to data management – poised to drive digital transformation for Thai enterprises, is also particularly evident through the partnerships Denodo has forged with the likes of STelligence and Inteltion.

Denodo Country Director of Thailand Dr Nitipong Boon-Long (third from left); STelligence CEO/Founder Dr. Santisook Limepeeticharoenchot (fourth from left); Denodo Executive Vice President Suresh Chandrasekaran (fifth from left)
Denodo Country Director of Thailand Dr Nitipong Boon-Long (third from left); STelligence CEO/Founder Dr. Santisook Limepeeticharoenchot (fourth from left); Denodo Executive Vice President Suresh Chandrasekaran (fifth from left)

“We are delighted to be joining forces with Denodo to help solve the data challenges of Thai enterprises. Denodo’s award-winning platform is highly respected in the data management landscape, and their dedication to addressing the specific data challenges faced by Thai enterprises on their digital transformation journey, along with their commitment to robust data governance, is second to none”, said Dr. Santisook Limepeeticharoenchot, CEO/Founder of STelligence.

Denodo Platform is the leading data integration, management, and delivery platform using a logical approach to enable self-service business intelligence (BI), data science, hybrid/multi-cloud data integration, and enterprise data services. Leveraging Denodo Platform, organizations acquire timely, trusted, and integrated datasets for faster analytics and informed business decisions. Some of the most well-recognized Fortune 500 and Global 1000 brands trust the Denodo Platform to improve customer experiences, gain operational efficiencies and agility, achieve self-service data democratization, and realize IT infrastructure modernization.

At Denodo’s recent annual technical retreat which brings together more than 200 technical team members from its offices worldwide, the team discussed on adding new features and functions, as well as other technical aspects of the Denodo platform. The retreat was held in Bangkok, Thailand – one of the burgeoning markets for Denodo in APAC, and in view of continued investment bolstering its growth trajectory in the region. Denodo’s product and services roadmap to help organizations with digital transformation, advanced analytics, and hybrid/multi-cloud solutions was also discussed at the retreat.

“For the past few years, we have been observing strong growth of our business in APAC, as many forward-looking organizations are embracing a logical data management foundation to accelerate AI and self-service initiatives and in turn propel their business growth,” said Suresh Chandrasekaran, Executive Vice President of Denodo.

“Thailand is one of the markets within APAC where we are betting big on our future growth and we already see signs of our success in this part of the world, in terms of both customer acquisition and new partnerships. While we already close to a hundred enterprise customers across APAC region using our platform for their digital transformation journey, we look forward to helping hundreds more to become more competitive through higher levels of data utilization and compliance, and achieve a radical impact in operational efficiencies.”

Please tweet: News: @Denodo Thailand operation gains momentum as its customer and partners see tremendous value in solutions

About Denodo

Denodo is a leader in data management. The award-winning Denodo Platform is the leading data integration, management, and delivery platform using a logical approach to enable self-service business intelligence (BI), data science, hybrid/multi-cloud data integration, and enterprise data services. Realizing more than 400% ROI and millions of dollars in benefits, Denodo’s customers across large enterprises and mid-market companies in 30+ industries have received payback in less than 6 months. For more information, visit www.denodo.com or call +1 877 556 2531 (US) / +44 (0) 20 7869 8053 (UK) / +65 6950 7489 (Singapore).

PR Newswire

EVE Energy Brings Battery Products Showcase for China International Supply Chain Expo

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BEIJING, Dec. 2, 2023 /PRNewswire/ — EVE Energy Co., Ltd., (“EVE Energy”) a leading global lithium-ion battery manufacturer, presents its cutting-edge consumer, power, and energy storage battery products in the inaugural China International Supply Chain Expo (CISCE) 2023 in Beijing, to demonstrate its commitment to low-carbon emissions and sustainable industry practices.

Immersion Cooling Battery Pack
Immersion Cooling Battery Pack

EVE Energy has been focusing efforts on advancing green energy applications in smart homes, urban transportation, and the energy internet sectors. This approach has been part of EVE Energy’s broader strategy to facilitate the low-carbon transformation of various industries and contribute to building a greener industrial ecosystem. At CISCE 2023, EVE Energy is taking a significant step in sharing a new approach to industry-wide carbon reduction, focusing on comprehensive solutions for consumer, power, and energy storage field.

Centered around the theme “EVE Energy is always by your side“, the company’s booth, located at Booth H21 in Hall W4 (Intelligent Automotive Chain) at China International Exhibition Center (Shunyi Venue) in Beijing, immerses visitors in scenarios of intelligent transportation and smart living. The display includes a diverse array of products, such as, medical batteries, consumer batteries, power batteries, energy storage batteries, battery systems, and three-dimensional models of energy storage containers. Additionally, EVE Energy shares insights into its dual carbon practice and industrial chain layout.

EVE’s consumer batteries are known for their long life, high reliability, enhanced safety, and low discharge rates. Recognized by various industry customers for their high quality and comprehensive solutions, EVE has supplied over 1.7 billion smart meter batteries worldwide, leading in sales and exports for six consecutive years in China. EVE’s consumer lithium-ion products are trusted by top-tier global brands, and its cylindrical batteries power prominent power tool and electric two-wheeler brands.

Also highlighted at the exhibition are its innovative Mr. Big energy storage product, previously showcased at RE+ 2023 in the US, as well as its signature Immerision Cooling Battery Pack, previously showcased at IAA 2023 in Germany. The Immersion Cooling Battery Pack is applied to sedans and PHEVs with high safety, high power and ultra-fast-charging characteristics. The battery pack can be charged from 10%-80% SOC in just 9 minutes which has improved 55%. 

With 22 years of dedication to the lithium battery field, EVE Energy has mastered core technologies in consumer, power, and energy storage batteries, offering comprehensive solutions widely applied in the Internet of Things and Energy Internet domains. The company has established a full industry chain layout, spanning from nickel-cobalt-lithium mining to battery materials, production, recycling, and remanufacturing, positioning itself as a globally influential lithium battery platform company.

In its quest to build a low-carbon industrial infrastructure, EVE Energy has adopted a “next-door supply” strategy, recycling materials from spent batteries to reduce resource waste. The company’s technological innovations have increased the recovery rate of valuable metals and expanded industrial chain cooperation in resource recycling. In November 2022, EVE Power, a subsidiary of EVE Energy, received carbon-neutral certification for its eleventh factory in Hubei. Leveraging its expertise in building zero-carbon factories, EVE Energy aims to complete three such facilities by 2025. Additionally, the construction of EVE Energy’s environmentally friendly battery factory in Hungary, slated for completion in 2026, will incorporate solar and energy storage systems, promoting efficient use of clean energy and advocating for green electricity production to continually manage carbon emissions.

For more information about EVE Energy, please visit https://www.evebattery.com/en.

About EVE Energy

Founded in 2001 and listed in Shenzhen in 2009, EVE Energy has developed into a global player in the market, providing core technologies and comprehensive solutions for both consumer and power batteries, especially in the Internet of Things and the Energy Internet. Currently, EVE Energy has set up a research institute with 60 doctors and over 5,300 interdisciplinary R&D engineers in materials, electrochemistry, structure design, and electronic circuit design, obtained over 6,700 patents in China. The company launched a carbon reduction roadmap with a series of low-carbon reduction efforts in energy use, the manufacturing process, the supply chain, and resource management, and was named a “National Green Factory.”