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Twelve Start-ups from PIER71’s Smart Port Challenge Awarded S$600,000 to Bring Innovative Solutions to Maritime Market

SINGAPORE, May 4, 2020 /PRNewswire/ — The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), today announced that 12 start-ups from Port Innovation Ecosystem Reimagined @ BLOCK71 (PIER71)’s Smart Port Challenge (SPC) 2019 have each been awarded S$50,000 in grant funding from MPA. The funding will enable the start-ups to conduct prototype development and test-bed their near market-ready solutions.

A virtual environment based on a digital twin of a crude oil tanker developed by Kanda to simulate a Lock Out Tag Out safety procedure
A virtual environment based on a digital twin of a crude oil tanker developed by Kanda to simulate a Lock Out Tag Out safety procedure

Over the next 12 months, the start-ups will be working on pilot projects in collaboration with PIER71’s maritime corporate partners, who will provide subject matter expertise, test data, as well as a platform to test-bed their solutions. Their grant applications were assessed based on the viability of their solutions in addressing maritime challenges. Focusing on technologies such as artificial intelligence, virtual and augmented reality (V/AR), blockchain, robotics and wearables, these start-ups are:

  • ABEJA
  • ASA Development
  • C-LOG
  • Cerekon
  • Dravam
  • Kanda
  • KoiReader Technologies
  • Marified
  • Megapixel
  • Newton Services Research (local entity of Delvify)
  • Performance Rotors
  • Tropical Renewable Energy Engineering (TREE)

Upon the successful completion of the projects, the maritime corporates will be adopting the final products/solutions. Mr. Ron Fong, Regional IT Manager of Teekay said, “The use of Kanda’s VR solution to simulate a safety procedure known as Lock Out Tag Out, will allow our crew to undergo training in a virtual tanker which is essentially a digital twin of the one they work on, without endangering their lives or damaging any equipment. We’re also working with Cerekon to explore a remote support system, that will enable our onboard engineers to use voice-activated head-mounted wearables to safely and more efficiently conduct equipment maintenance.”

Ms. Quah Ley Hoon, Chief Executive of MPA, said, “Although the global COVID-19 situation has caused widespread disruption, we push ahead with innovation in the maritime sector. Singapore continues to support the use of emerging technologies to transform the maritime industry, uplift the way companies do their business and strengthen our resilience as a maritime nation. These grants represent MPA’s commitment to supporting innovation as part of Singapore’s Sea Transport Industry Transformation Map, and we are heartened by the results we’ve seen to date from previous grant recipients.”

Professor Freddy Boey, NUS Deputy President (Innovation and Enterprise), said, “Start-ups addressing innovation opportunities created through Smart Port Challenge are bringing solutions to real problems faced by the maritime industry. By leveraging the extensive pool of talent from the university, the global network of resources from NUS Enterprise, as well as industry partnerships through MPA, PIER71 is playing a pivotal role in bridging the gap between innovation and market needs.”

Eight out of 13 of the previous grant recipients from Smart Port Challenge 2018 have completed their pilot projects, with the remaining five nearing completion. Ship Supplies Direct, a start-up focusing on improving marine logistics and supply chain, has reported up to 30% reduction in delivery costs and up to three hours less waiting time per delivery through their pilot project with PSA International. Aeras Medical, a start-up with experience in the healthcare industry, also completed a three-month onboard trial with OMC Shipping. Their vital signs monitoring solution was used to monitor and manage crew health remotely, and achieved high adherence rate among the crew.

For more information on the list of grant recipients, please refer to Annex A.

About PIER71

Founded by the Maritime and Port Authority of Singapore (MPA) and the National University of Singapore (NUS), through its entrepreneurial arm NUS Enterprise, PIER71 (Port Innovation Ecosystem Reimagined at BLOCK71) aims to grow Singapore’s maritime innovation ecosystem. PIER71 boosts innovation in the maritime and maritime-related industries by attracting talents, creating opportunities for the exchange of knowledge and ideas, attracting investments into start-ups and accelerating ventures.

PIER71 designs and delivers programmes to uncover opportunities within the industry and supports entrepreneurs from ideation to acceleration of their ventures. PIER71 provides access to various markets, demand drivers, technology solution providers, investors and more. PIER71 also represents a budding and increasingly vibrant ecosystem of stakeholders who are keen to digitalise and create the next wave of maritime innovation.

For more information, please visit https://pier71.sg

About the Maritime Port Authority of Singapore (MPA)

MPA was established on 2 February 1996, with the mission to develop Singapore as a premier global hub port and international maritime centre, and to advance and safeguard Singapore’s strategic maritime interests. MPA is the driving force behind Singapore’s port and maritime development, taking on the roles of Port Authority, Port Regulator, Port Planner, IMC Champion, and National Maritime Representative. MPA partners the industry and other agencies to enhance safety, security and environmental protection in our port waters, facilitate port operations and growth, expand the cluster of maritime ancillary services, and promote maritime R&D and manpower development.

For more information, please visit https://www.mpa.gov.sg/web/portal/home

About National University of Singapore (NUS)

The National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 17 faculties across three campuses in Singapore, as well as 12 NUS Overseas Colleges across the world. Close to 40,000 students from 100 countries enrich our vibrant and diverse campus community.

Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, 29 university-level research institutes, research centres of excellence and corporate labs focus on themes that include energy, environmental and urban sustainability; treatment and prevention of diseases common among Asians; active ageing; advanced materials; as well as risk management and resilience of financial systems. Our latest research focus is on the use of data science, operations research and cybersecurity to support Singapore’s Smart Nation initiative.

For more information on NUS, please visit www.nus.edu.sg

About NUS Enterprise

NUS Enterprise, the entrepreneurial arm of NUS, plays a pivotal role in advancing innovation and entrepreneurship at NUS and beyond. It actively promotes entrepreneurship and cultivates global mind-sets and talents through the synergies of experiential entrepreneurial education, active industry partnerships, holistic entrepreneurship support and catalytic entrepreneurship outreach. Its initiatives and global connections support a range of entrepreneurial journeys and foster ecosystem building in new markets. These initiatives augment and complement the University’s academic programmes and acts as a unique bridge to industry well beyond Singapore’s shores.

For more information, please visit https://enterprise.nus.edu.sg

Annex A: Grant Recipients for Smart Port Challenge 2019

FOCUS AREA: Efficient & Intelligent World Class Next Generation Port

 

1. ABEJA

ABEJA is one of the first start-ups specialising in Machine Learning (ML) and Deep Learning (DL) in Asia. The organisation has deployed over 200 Artificial Intelligence (AI) projects across various industries and specialises in implementing computer vision solutions. For the maritime industry, ABEJA is using video analytics and deep learning to automate many routine tasks that are manual and tedious. With improved operations, companies can help their employees achieve greater productivity and focus on higher-level endeavours. Backed by investors including Google, Nvidia, Salesforce, ABEJA was the only Japanese start-up to be commended by CB Insights (AI 100: The Artificial Intelligence Start-ups Redefining Industries).

 

https://www.abejaglobal.com/

 

2. KoiReader Technologies

Checking and cross-referencing financial and declaration documentation is a labour-intensive process in the maritime industry. KoiReader has developed an innovative machine learning visual recognition system that extracts contextual data from documents (image and text) and enters it into legacy and ERP systems as actionable operational data. This improves the accuracy of filling up logistics data for regulatory clearance, brings down the cost of document processing from US$2.50 to less than few cents per page, and reduces operational risks such as those associated with mis-declaration of dangerous goods.

 

www.koireader.com

 

3. Megapixel

A massive amount of communication goes on as part of daily vessel operations. However, the absence of a system to track and tag real-time and past information makes the retrieval of historical data difficult and time consuming. Harnessing its rich development experience, Megapixel has developed a solution called Globarius which has already been successful in the construction industry and is being adapted for the maritime industry to provide port/terminal operators with a knowledge repository, using progress tracking tools to collect, organise and report data.

 

www.megapixel.sg

FOCUS AREA: Smart Fleet Operations & Autonomous Vessels

 

1. ASA Development

ASA Development, through a decade of refinement and testing, has created the Contego Productivity Platform, a tool that has helped many organisations improve their operational efficiency, through standardisation of process and centralisation of data from remote sites. Contego Audit has helped many offshore and maritime companies make sense of previously fragmented processes. Contego Document Management has enabled organisations to mobilise management systems so all company information is at the fingertips of the people who need it the most. ASA’s team is dedicated to making the maritime industry more efficient through the use of tools that make life easier.

 

www.contegoforbusiness.com

 

2. C-LOG

C-LOG is pioneering data collaboration in the maritime industry by making inter-organisational sharing of crew documentation easier and faster while respecting the data privacy of the seafarer. Addressing a challenge to develop a crew-centric platform that supports self-management and career development within the maritime industry, C-LOG is creating a solution that digitises current paper-based processes by leveraging blockchain and artificial intelligence (AI). This would save the maritime industry between 30-50% of costs related to handling crew documentation.

 

www.c-log.io

 

3. Cerekon

Efficiency, safety and productivity are key concerns when it comes to the inspection and maintenance of vessels, particularly entire fleets. As a smart wearables solution provider, Cerekon’s AI based, “Voice-driven Handsfree Inspection & Remote Support System”, enables field personnel to conduct inspections, capture issues, conduct audits, diagnose problems and train staff, without the use of handheld devices or paper based systems. By wearing the specially designed wearables, personnel can safely conduct audits, identify leakages/cracks, access digital checklists, auto-generate job reports, by using simple human voice commands and live stream their work to seek remote assistance, without the need for bulky devices, leaving their hands free to carry tools/equipment or hold on-to hand rails for safety.

 

www.cerekon.com

 

4. Dravam

Dravam’s innovative fuel quality monitoring solution is an early detection system, scanning the entire bunker transfer for contaminants and currently providing near real-time information about the fuel quality. Installed seamlessly onto a vessel, this patented solution increases efficiency and assurance of bunkering operations, and addresses the industry’s need for faster fuel quality testing. With Singapore being the world’s first port to implement mass flow metering, to ensure quantity of bunker, the implementation of enhanced quality monitoring will enable Singapore port to ensure “Q&Q” (Quantity and Quality) of the bunker fuel.

 

http://www.dravam.com/

 

5. Kanda

Kanda is creating virtual and augmented reality platforms, coupled with machine learning to address the high costs associated with hiring and training within the maritime industry. Using a photorealistic digital twin of an entire tanker, Kanda is building a virtual reality training session that allows crew members to move around the simulated tanker. Kanda has also created a unique technique that uses machine learning and situational judgment to validate how well a candidate’s response correlates to performance as part of the recruitment process.

 

https://www.kanda.dk/

 

6. Marified

Building on the success and traction its parent company, Edufied, had gain with its blockchain-based storage and verification solution for the education industry, Marified has created a digital wallet that secures a seafarer’s certifications against forgery and is accessible from anywhere in the world. This could reduce the administrative loads of Flag States, port clearance authorities, ship owners, ship management companies and training centres by 90-97%. The use of blockchain technology also reduces the risks associated with hacking of current digital solutions.

 

www.marified.network

 

7. Newton Services Research (local entity of Delvify)

Delvify builds and runs predictive AI models for businesses. Using state-of-the-art, built in-house Artificial Intelligence (AI) tools including computer vision, natural language processing and automated speech recognition we help maritime enterprises clean, categorise and analyse their data to optimise operational processes. We take data such as past customer actions, combine it with third party data to create a forecasting and decision-making platform to recommend actions to vessel operators looking to optimise roll-pools, pricing and loadings.

 

www.delvify.io

 

8. Performance Rotors

In-hull ship inspections are both time-consuming and risky due to confined spaces, heights, lack of oxygen or presence of toxic or flammable gasses. By bringing their confined drone technology with AI defect identification and non-destructive testing (NDT) to the maritime industry, Performance Rotors can help to minimise such risks and costs. Their method uses NDT technology in addition to video, to allow for detailed inspection, digitalisation, data science and management, which leads to easier comparison of results for better prediction and maintenance programme formulation.

 

www.performance-rotors.com

 

9. Tropical Renewable Energy Engineering (TREE)

TREE supports Singapore’s green port initiative by providing novel and innovative solutions towards Digital twin based marine asset health monitoring with real-time capability. TREE’s underwater drone-based solution aims to minimise downtime of marine assets by providing early information on potential failures of marine assets, to take timely preventive actions much faster than conventional maintenance methods. TREE also specialises in resource mapping and environmental impact of water bodies and coastal locations using novel sensor integrated surficial robots that provides vital information such as seabed bathymetry, water quality and tidal flow and wave conditions.

 

www.tree.sg

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Ex-Blue Yonder Veteran Amit Bagga, Appointed Chief Revenue Officer at FarEye

Amit Bagga’s appointment comes as FarEye undertakes aggressive plans for global expansion

Bagga has helmed significant Executive positions at Blue Yonder (JDA) and Oracle to drive profitable growth across the Asia Pacific region

NEW DELHI, May 4, 2020 /PRNewswire/ —  FarEye, a leading SaaS platform for predictive visibility and last mile optimization today announced the appointment of Amit Bagga, a seasoned leader with a track record of driving transformative growth across geographies, as its Chief Revenue Officer (CRO). The announcement comes as the company gears up for the next level of growth and plans to expand aggressively in the Americas, Europe and Asia Pacific after its recent announcement of a successful funding round.

Amit Bagga, CRO, FarEye
Amit Bagga, CRO, FarEye

Bagga joins FarEye’s leadership team and will drive one of the most critical functions in a tech-first company like FarEye. In his role, Bagga will focus on leveraging key revenue opportunities across sales and operations, enhanced customer experience, marketing, and partner strategy, all of which will help pivot towards a customer-first focus for the company.

Prior to joining FarEye, Bagga has successfully led the growth for Blue Yonder (previously JDA Software) Asia Pacific, Oracle’s On Demand solutions, and held various roles at HP. Under Bagga’s leadership, Blue Yonder captured the key challenges that the supply chain industry faced in APAC and delivered tangible value with the help of artificial intelligence and machine learning solutions. Bagga set a path for profitable growth, helping enable Blue Yonder customers to take the digital transformation journey leveraging modern technologies. He built and led high performance teams and a network of partners in the region to deliver next generation Supply Chain solutions with high focus on the adoption of new technologies to leap-frog the market.

“I am excited to join a company with such a great culture that embraces the diversity of its customers and employees, and is an extremely fast-growing logistics SaaS organization that has redefined predictive visibility for enterprises globally. I look forward to working with the FarEye team, building a sustainable strategy that enables us to leverage the huge opportunity that lies ahead of us, and deliver profitable growth,” says Amit Bagga.

Welcoming him to FarEye, Kushal Nahata, CEO & Co-founder, FarEye, comments, “Amit has a unique understanding of the intersection of technology and business, coupled with immense passion for customer success. He has a proven record of building successful businesses with a deep passion to strategize and define opportunities to maximize revenue. In the midst of an exciting journey, I am confident that Amit will bring in the same vision and expertise at FarEye.”

With this move, FarEye has announced its intention of building upon the explosive growth experienced over the last 3 years, and expanding its field teams to provide customer-centric engagement across key geographies that will deliver scalable growth for the company.

About FarEye:

FarEye is a leading SaaS platform for predictive visibility. It enables brands to orchestrate, track, and optimize their logistics processes. The leading machine-learning based platform is empowering global enterprises to shrink delivery time by up to 27%, increase courier productivity by up to 15%, eliminate risks by up to 57%, and achieve operational excellence.

It is increasing efficiency in movement of goods for both B2B and B2C segments – and helping businesses achieve growth and exceptional customer experience at a reduced cost. FarEye has a strong traction with more than 150 global Retailers, CPG companies and Logistics & Transportation providers including DHL, Amway, Hilti, Walmart and Dominos.

Media Contact for SEA, the US, and Europe:
Komal Puri
Marketing Director, FarEye
+91-9718049526

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Cango Inc. Filed Its Annual Report on Form 20-F

SHANGHAI, April 28, 2020 /PRNewswire/ — Cango, Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on April 27, 2020, U.S. Eastern Time.

The annual report can be accessed on the Company’s investor relations website at ir.cangoonline.com or the SEC’s website at www.sec.gov. The Company will also provide a hard copy of its annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.

About Cango, Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. Founded in 2010 by a group of pioneers in China’s automotive finance industry, the Company is headquartered in Shanghai and engages car buyers through a nationwide dealer network. The Company’s services primarily consist of automotive financing facilitation, automotive transaction facilitation, and after-market services facilitation. By utilizing its competitive advantages in technology, data insights, and cloud-based infrastructure, Cango is able to connect its platform participants while bringing them a premium user experience. Cango’s platform model puts it in a unique position to add value for its platform participants and business partners as the automotive and mobility markets in China continue to grow and evolve. For more information, please visit: www.cangoonline.com.

Investor Relations Contact

Caesar Cao
Cango Inc.
Tel: +86 21 3183 5088 ext.5521
Email: ir@cangoonline.com

Jack Wang
ICR Inc.
Tel: +1 (646) 405-5056
Email: ir@cangoonline.com

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Source: Cango Inc.

Bitauto Files Its Annual Report on Form 20-F

BEIJING, April 27, 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 filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on April 27, 2020.

The annual report can be accessed on Bitauto’s investor relations website at http://ir.bitauto.com as well as the SEC’s website at http://www.sec.gov. Bitauto will provide hardcopies of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

About Bitauto Holdings Limited

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 http://ir.bitauto.com.

For investor and media inquiries, please contact:

China
Suki Li
Bitauto Holdings Limited
Phone: +86-10-6849-2145
ir@bitauto.com

Philip Lisio
Foote Group
Phone: +86-10-8429-9544
bitauto@thefootegroup.com

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RattanIndia Finance Wins the Celent Model Bank Award 2020 for Retail Lending Powered by Nucleus FinnOne Neo

NEW DELHI, April 22, 2020 /PRNewswire/ — Celent, the world’s leading research, advisory and consulting firm focused on financial services technology, has named RattanIndia Finance as the winner of The Celent Model Bank Award 2020 for Retail Lending, powered by FinnOne Neo from Nucleus Software.

Celent Model Bank Awards recognize the best practices of technology usage in banking. RattanIndia Finance deployed FinnOne Neo in the cloud, disrupting the consumer finance market with a superior digital experience, speedy approvals and the rapid launch of innovative loan products. With FinnOne Neo, RattanIndia reduced the time taken to bring new products to market by 50%, decreased the IT resource count by 75% and lowered the cost of ownership by 90%. They recorded rapid business growth and became the first lender to offer loans for electric bikes in India

Mr. Craig Focardi (Senior Analyst, Celent) said, “Although the growth of cloud computing has accelerated in recent years, the movement of mission-critical core lending and banking solutions has not. RattanIndia Finance’s successful transition of its entire end-to-end lending platform for retail and corporate banking is a leading-edge example of the future potential for public cloud, which is why RattanIndia Finance is worthy of Celent’s Model Bank 2020 Award for retail lending.”

Mr. Harvinder Gandhi (Head of Technology, RattanIndia Finance) commented, “We are really excited to win the Celent Model Bank Award, powered by FinnOne Neo. This project helped us differentiate as an agile, digital and customer focused lender. We are delighted that the project confirmed our belief that technology powers business growth and helps us deliver a superior customer experience. The results that we have seen are truly remarkable.”

Mr. R. P. Singh (CEO, Nucleus Software) said, “Our heartiest congratulations to RattanIndia Finance for wining this prestigious Model Bank Award from Celent. RattanIndia Finance is an innovative company and we are proud to support them in their goal to provide a faster, easier and more customer centric experience. This achievement is a further testament to the confidence of global financial services industry in the power, reliability and robustness of our solutions.”

About: Nucleus Software

Media Relations:  

Rashmi Joshi
rashmi.joshi@nucleussoftware.com  
+91-9560-694654

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COVID-19 Pandemic Impact: Freight Activity Falls After Historic Rise with Disruption Ahead – Double Digit Impact Expected in Q2

ABI Research whitepaper identifies the short-and long-term impacts the global pandemic will have on Freight Transportation and Logistics

OYSTER BAY, New York, April 21, 2020 /PRNewswire/ — It is no surprise that the COVID-19 outbreak has led to panic buying of items such as toilet paper and sanitizing supplies. However, this buying behavior has led to a massive need for trucks to help restock stores, shrinking the capacity available for other products. The result is a historically tight trucking market that has dropped 20% in volume in just the last two weeks, states global tech market advisory firm, ABI Research.

“Rising costs, shrinking capacity, and panicked customers are shaking up the freight transportation and logistics markets,” says Susan Beardslee, Principal Analyst at ABI Research. The American Association of Port Authorities sees 1Q volume decreased by at least 20%, including blank sailings, which may cost carriers US$1.9 billion. Rail freight is also impacted with intermodal down by approximately 50%, including from California’s Long Beach and Los Angeles ports (the leading container ports in the United States and the busiest in the Western Hemisphere). Global air cargo volumes for the last month are expected to be down 9%. New restrictions on passenger travel from much of Europe to the United States will further affect air cargo capacity. DHL alone is reporting an impact of US $79 million to February earnings. All of this adds to the already existent decreases due to the China-U.S. tariff tensions.

“In the short term, there has been more than a six-week delay in shipments for cargo sourced from China. Other markets from Vietnam to Mexico often rely on Chinese components and raw materials, creating a knock-on effect to the supply chain, including transportation and logistics. The initial loss of road transport demand has begun in the ports and is moving to the warehouses and inland routes. Cargo capacity demand in China is beginning to demonstrate some initial signs of growth, with airfreight between China and the United States growing 27% over the last 14 days, creating a demand/supply imbalance,” Beardslee explains. This capacity challenge will move to containers (stranded outside of China) and trucks. However, as the virus has continued to spread outside of China, government actions have included restrictions on travel from 26 European countries to the United States. “Belly cargo” (air cargo) is transported via passenger flights, estimated to be 50% of all air cargo. When this capacity is drastically removed between Europe and the United States, availability will be significantly impacted and spikes in pricing are expected.

“In the longer term, there is little visibility to forecast, which will have a material impact on transportation and logistics this year. The virus is now impacting the global supply chain, with a current estimate of 113 countries identified as reporting cases. Transportation requirements will be hard to predict. Both capacity and pricing swings are anticipated across transportation modes, with the associated impact to shippers worldwide,” says Beardslee.

Shippers need to evaluate options and model changes across modes of transportation, considering interruptions, delays, and significant price increases. Both manufacturers and retailers need to develop prioritization plans for customers, potentially with set limits per customer. Systems integration whenever possible (ERP, Transportation Management System (TMS), Warehouse Management System (WMS)), along with predictive analytics/scenario modeling, is ideal. “Finally, keep in mind that as some countries begin to scale up production and transportation, others may move into containment strategies to address an outbreak. This will require near-real-time visibility across modes and the flexibility to adjust everything from inventory quantities and locations to substitution whenever possible,” Beardslee advises.

For a clearer picture of the current and future ramifications of COVID-19 across technologies and industries, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导,帮助客户了解日新月异的技术。 自1990年以来,我们已与全球数百个领先的技术品牌,尖端公司,具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info                                                             

Global                                                             
Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com      

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AUTOCRYPT Shortlisted for 2020 TU-Automotive Award – Automotive Tech Company of the Year

DETROIT, April 20, 2020 /PRNewswire/ — AUTOCRYPT, an all-in-one mobility security solutions company for connected vehicles, was announced as a finalist for the 2020 TU-Automotive Award for the second consecutive year. TU-Automotive represents the entire automotive technology ecosystem with leading representatives from all over the world every year and celebrates the best talent, products, and services across the industry.

AUTOCRYPT Products Lineup
AUTOCRYPT Products Lineup

AUTOCRYPT has continuously developed and improved its automotive cybersecurity products and solutions for all users’ safety, security, and privacy in the automotive industry. Since 2007, AUTOCRYPT has participated in various projects including South Korea’s V2X security certification system project and gained a reputation for creating the global certification standard for government agencies. Additionally, with EV platform providers, AUTOCRYPT has contributed its expertise to support the deployment of V2G security through ISO 15118 testing symposiums across the world. The Chinese leading OEMs and Tier 1 suppliers have also worked closely with AUTOCRYPT in order to integrate the solutions for safer in-vehicle security countermeasures, such as IDS (Intrusion Detection System), secure booting, OTA (Over-The-Air), and so on. 

“We’re honored to have been appreciated by an esteemed automotive organization,” said ES Daniel Kim, CEO of AUTOCRYPT. “As we offer an all-in-one technology products and solutions for OEMs and government agencies, this award is an additional honorable recognition for us on the path to establishing awareness in the automotive security industry in the US and European markets. It will further our efforts in expanding and cooperating with other leading players to accelerate the deployment of safer vehicle security solutions.” 

About AUTOCRYPT

As a leading player in transportation security technologies, AUTOCRYPT provides a secured transportation experience for connected vehicles. AUTOCRYPT’s development began under Penta Security in 2007. A decade later in 2019, it was spun-off as a separate entity and expanded its global presence. Recognized as the Best Auto Cybersecurity Product/Solution by TU-Automotive in 2019, AUTOCRYPT has been aiding in installing modules through various projects to deploy secure V2X, RSU-based communications, and PKI for connected vehicles security. Moreover, AUTOCRYPT has also developed a security solution for Plug&Charge (PnC), a simplified communications solution for EV charging, as well as mobility data platform solutions and fleet management systems. For more information on AUTOCRYPT, visit www.autocrypt.io. For partnership inquiries, email marketing@autocrypt.io

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SenSen Networks Secures ~USD$1.5M Smart City Contract in US

SYDNEY, April 17, 2020 /PRNewswire/ — Australian Artificial intelligence solutions provider, SenSen Networks Ltd (ASX: SNS) has today announced it has been awarded a ~USD$1.5M tender with the City of Las Vegas to provide a range of intelligent transportation and smart city solutions. The agreement will support the City of Las Vegas’ goal to become a true Smart City by 2025.

SenSen’s technology will be used to assist the City of Las Vegas in keeping roads safe and congestion free by automating the enforcement of hundreds of bylaws associated with regulating traffic and parking on city streets.

The initial deal, which will be rolled out later this year, will see the introduction and management of two SenForce mobile parking enforcement units and 80 of its Gemineye mobile units. The ultra-portable nature of the Gemineye solution means units can be deployed across enforcement vehicles and car parks, as well as segways, Go4 scooters and city officers.

Commenting on the Contract win, SenSen CEO, Dr Subhash Challa, said,

“SenSen is extremely proud to be working with the City of Las Vegas. Las Vegas is a flagship US city and SenSen is excited to be providing its world-leading AI and video analytics expertise in improving the amenity of the City’s citizens by helping reduce traffic congestion and efficiently manage its parking.” 

“This is a major milestone for our business in the US. We expect operations will continue to grow as more and more forward-thinking cities seek Smart City intelligent transportation solutions.”

The contract marks the first commercial rollout of SenSen technology with a flagship US city customer, while the 80 Gemineye units to be deployed as part of the contract is the largest commercial implementation with a single SenSen customer to date. The City of Las Vegas, is on track to become a Smart City by 2025 with SenSen assisting with its intelligent transportation systems and smart technology.

The City of Las Vegas is an internationally renowned major resort and entertainment city, with over 42 million visitors annually. It is the most populous city in the State of Nevada, USA and serves as the leading financial, commercial and cultural centre for the State.  The City has a population of more than 650,000 residents while the larger Las Vegas metropolitan area has a population of more than 2 million.

The City of Las Vegas contract builds upon SenSen’s expanding footprint in the US, following the ongoing collaborative services agreement with Chicago Parking Meters, LLC to improve parking space management efficiency in the City of Chicago.

For more information please visit: https://www.sensennetworks.com/ 

Notes to Editor

Valuation of Contract Win

There are no material conditions that need to be satisfied prior to the commencement of the contract and SenSen will earn a total of US$1,584,500 over the five-year term of the contract, including:

  • US$397,600 for the systems, software and commissioning of the units, which will be paid in a milestone delivery-based schedule from May to August 2020.
  • US$237,380 annually in recurring revenues and fees for the software licence, hardware maintenance and support services under the five-year term of the contract. This Software as a Service (SaaS) revenue will be paid in equal monthly instalments of US$19,781 over 5 years (60 payments).

Please see attached full media kit here.

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