Lidar

The Coretec Group and Core Optics LLC Announce They Have Entered into a Definitive Share Exchange Agreement

Retrieved on: 
Wednesday, March 6, 2024

ANN ARBOR, Mich., March 06, 2024 (GLOBE NEWSWIRE) -- The Coretec Group, Inc. (OTCQB: CRTG) (the “Company”), developer of silicon anode active materials for lithium-ion batteries, and cyclohexasilane (CHS) for EV, cleantech, and 3D display technology, and Core Optics, LLC (“Core Optics”) announced today that they have entered into a definitive share exchange agreement pursuant to which, on the closing date, the Company is expected to acquire 100% of the membership interests of Core Optics, LLC and its subsidiaries which hold all its tangible assets and intellectual property across all its technologies and industry verticals. Subsequent to the closing of the transaction, the combined company will continue to operate under the name The Coretec Group, Inc. and trade under the ticker symbol CRTG, before pursuing uplisting to a senior exchange when it believes the combined company can satisfy initial listing requirements. The Closing of the transaction is subject to customary closing conditions.

Key Points: 
  • Core Optics specializes in the design and fabrication of cutting-edge inspection and assembly machinery for the CCM industry.
  • Core Optics has amassed a wealth of expertise and data pertaining to its testing algorithms, including the rights to over 30+ patents.
  • Core Optics recently expanded its service scope to encompass the burgeoning Electric Vehicle (EV) market.
  • It represents a significant value proposition for Core Optics’ automotive business, facilitated by the Company’s existing sales channel and customer relationships.

Discovery Lithium’s 2023 Exploration Program Sets the Stage for 2024

Retrieved on: 
Friday, March 1, 2024

VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to provide the following summary of its recently concluded 2023 exploration program in the province of Quebec.

Key Points: 
  • VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to provide the following summary of its recently concluded 2023 exploration program in the province of Quebec.
  • All outstanding results from 2023 have been received and are being interpreted by Discovery Lithium’s exploration team.
  • Company Technical Director Dr. Jacob Verbaas, P. Geo states, “We expect 2024 to be an exciting year for the Company.
  • The Phase 2 exploration programs are expected to outline drill targeting and drilling in the latter half of 2024.

Semilux International Ltd. Announces Closing of up to $50 Million Common Stock Purchase Transaction with White Lion Capital

Retrieved on: 
Thursday, February 22, 2024

Taipei, Taiwan, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Semilux International Ltd. ("Semilux" or the "Company") (NASDAQ: SELX), a provider of application-specific integrated circuit (“ASIC”), LiDAR and ADB components and solutions, today announced that it has entered into a common stock purchase agreement (the "Agreement") with White Lion Capital, LLC ("White Lion Capital"), a Nevada limited liability company.

Key Points: 
  • Taipei, Taiwan, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Semilux International Ltd. ("Semilux" or the "Company") (NASDAQ: SELX), a provider of application-specific integrated circuit (“ASIC”), LiDAR and ADB components and solutions, today announced that it has entered into a common stock purchase agreement (the "Agreement") with White Lion Capital, LLC ("White Lion Capital"), a Nevada limited liability company.
  • The Agreement governs a committed equity facility that provides the Company with the right, without the obligation, to sell White Lion Capital up to $50 million of its common stock, subject to certain limitations and conditions.
  • The Company intends to use the net proceeds from the transaction for working capital to advance the Company’s ASIC, LiDAR, and ADB technologies to meet the industry's growing demand for safety standards.
  • Dr. Yung-Peng Chang, Chairman of the Board, Director and Co-Chief Executive Officer of Semilux, commented, "We are pleased to announce the closing of the Agreement with White Lion Capital.

SEVEN COMPANIES JOIN CATALYST ACCELERATOR'S SPACE DOMAIN AWARENESS COHORT

Retrieved on: 
Thursday, February 22, 2024

These companies will come together from across the globe to participate in the Accelerator’s 13th cohort focused on Space Domain Awareness.

Key Points: 
  • These companies will come together from across the globe to participate in the Accelerator’s 13th cohort focused on Space Domain Awareness.
  • The United States Space Force recognizes the urgency of protecting space mission sensors and systems and sought to leverage commercial software capabilities to enhance, supplement, support, and refine existing Space Domain Awareness capabilities.
  • The Space Domain Awareness cohort (#CASDA2) is the first Accelerator in partnership with The Space Domain Awareness Tools, Applications & Processing Lab (SDA TAP Lab).
  • Exclosure seeks to provide not just space domain awareness, but space domain empowerment.

STMicroelectronics expands into 3D depth sensing with latest time-of-flight sensors

Retrieved on: 
Thursday, February 22, 2024

We have already delivered two billion sensors into the market and continue to extend our unique portfolio, which covers all types from the simplest single-zone devices up to our latest high-resolution 3D indirect and direct ToF sensors,” said Alexandre Balmefrezol, General Manager, Imaging Sub-Group at STMicroelectronics.

Key Points: 
  • We have already delivered two billion sensors into the market and continue to extend our unique portfolio, which covers all types from the simplest single-zone devices up to our latest high-resolution 3D indirect and direct ToF sensors,” said Alexandre Balmefrezol, General Manager, Imaging Sub-Group at STMicroelectronics.
  • Integrating a dual scan flood illumination, unique in the market, the LiDAR can detect small objects and edges and captures both 2D infrared (IR) images and 3D depth map information.
  • 3D ToF depth sensors provide a map of ranging information computing the distance to multiple objects in the field-of-view.
  • This indirect Time-of-Flight (iToF) sensing is a complementary technique to direct Time-of-Flight (dToF) sensing used by sensors like the VL53L9, which measures the time between transmitting and receiving the reflected signals.

Global Automotive ADAS Sensor Market Outlook & Forecast 2023-2024 and 2029: High Demand for Safety Features and Rising Demand for Luxury Vehicles Propelling Growth - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 5, 2024

The global automotive ADAS sensors market is characterized by a high degree of fragmentation, featuring numerous local and international players.

Key Points: 
  • The global automotive ADAS sensors market is characterized by a high degree of fragmentation, featuring numerous local and international players.
  • APAC holds the largest global automotive ADAS sensors market share, accounting for over 38% in 2023.
  • The integration of automotive ADAS sensors has been pivotal in enhancing these vehicles' performance, safety, and features.
  • Several factors contribute to the growing demand for ACC in the global automotive ADAS sensors market, including a high focus on road safety.

GIGABYTE Ignites AI and 5G Visions at MWC 2024, Highlighting New Supercomputers, Edge AI and Sustainable IT Upgrades

Retrieved on: 
Monday, February 26, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240226750501/en/
    GIGABYTE Ignites AI and 5G Visions at MWC 2024, Highlighting New Supercomputers, Edge AI and Sustainable IT Upgrades (Photo: Business Wire)
    GIGABYTE presents G593-ZX1/ZX2, the AI server featuring AMD Instinct™ MI300X 8-GPU, which is a new addition to GIGABYTE’s flagship AI/HPC server series.
  • With the capacity for 32 E1.S NVMe SSDs, it provides hyper-speed data storage, ideal for handling complex AI workloads such as large language models (LLM).
  • At the booth, GIGABYTE introduces a highly adaptable edge server, E263-S30, surrounded by a power supply and motherboard alongside NICs and accelerators from AMD, Broadcom, Intel, and NVIDIA.
  • GIGABYTE also provides an extensive range of immersion-ready servers , supporting both Intel and AMD processors, and cater to all kinds of workloads.

Global and Asia-Pacific Unmanned Aerial System (UAS) Industry Analysis and Forecast, 2023-2024 and 2033: Visual-Line-of-Sight (VLOS) Segment to Dominate, Growing Need for Drones Integrated with AI/ML - ResearchAndMarkets.com

Retrieved on: 
Friday, February 23, 2024

The global and Asia-Pacific unmanned aerial system (UAS) market is led by the commercial application segment, which held a 98.11% share in 2022.

Key Points: 
  • The global and Asia-Pacific unmanned aerial system (UAS) market is led by the commercial application segment, which held a 98.11% share in 2022.
  • The global and Asia-Pacific unmanned aerial system (UAS) market is led by the rotary wing drone type segment, which held a 78.88% share in 2022.
  • The global and Asia-Pacific unmanned aerial system (UAS) market was led by the drone receptacle infrastructure segment in 2022.
  • The airframe component segment dominated the global and Asia-Pacific unmanned aerial system (UAS) market (by component) in 2022.

Cyngn Reports 2023 Fourth Quarter and Year-End Financial Results

Retrieved on: 
Wednesday, March 6, 2024

Fourth quarter revenue was $40.4 thousand compared to $262 thousand in the fourth quarter of 2022.

Key Points: 
  • Fourth quarter revenue was $40.4 thousand compared to $262 thousand in the fourth quarter of 2022.
  • Total costs and expenses in the fourth quarter were $5.4 million, down from $6.0 million in the fourth quarter of 2022.
  • Net loss for the fourth quarter was $(5.4) million compared to $(5.5) million in the corresponding quarter of 2022.
  • Fourth quarter 2023 net loss per share was $(0.12), based on basic and diluted weighted average shares outstanding of approximately 46.0 million in the quarter.

Engineering Offshore Wind in North America

Retrieved on: 
Wednesday, March 6, 2024

NEWARK, N.J., March 6, 2024 /PRNewswire/ -- ZAGO Manufacturing Co., a manufacturer of sustainable sealing fasteners that protect offshore wind components, has released an e-book on challenges and opportunities engineers may encounter in the industry. The e-book, Engineering Offshore Wind in North America, can be downloaded at https://zago.com/resources/e-books/engineering-offshore-wind-america/

Key Points: 
  • The e-book, Engineering Offshore Wind in North America, can be downloaded at https://zago.com/resources/e-books/engineering-offshore-wind-america/
    The U.S. has set an ambitious goal of deploying 30 gigawatts (GW) of offshore wind electricity generation by 2030, which would power more than 10 million American homes.
  • While the economic and environmental benefits of offshore wind power are significant, the costs for planning, constructing, leasing, maintaining, and operating them are too.
  • Among the most critical parts of offshore wind is surveying, monitoring, and forecasting the viability of an offshore wind project.
  • Key questions to answer, notes Gail Friedberg, Co-Founder & CEO of ZAGO, a certified woman-owned business, are "How will offshore wind turbines, blades, and monopiles function in 10-20 years?