Other Technology

Alteia signs €15 million financing agreement with EIB to accelerate its development in the deep tech field of artificial intelligence applied to visual data

Thursday, December 2, 2021 - 12:28am

The European Investment Bank (EIB) and Toulouse-based startup Alteia, which specializes in the development of artificial intelligence software, have announced the signature of a 15 million financing agreement.

Key Points: 
  • The European Investment Bank (EIB) and Toulouse-based startup Alteia, which specializes in the development of artificial intelligence software, have announced the signature of a 15 million financing agreement.
  • It is part of the EIB's strategy to strengthen innovation in the deep tech sector and the European Union's competitiveness in the strategic field of industrial artificial intelligence and data processing.
  • The operation aims to enable Alteia to continue its development of technologies in the field of artificial intelligence applied to visual data and support the growth and visibility of its enterprise platform.
  • Alteia is the visual intelligence platform for enterprises, which are provided with access to tools and services to develop artificial intelligence applications in a much more efficient and cost-effective manner than alternative approaches.

Tailwind Two Acquisition Shares News and Momentum on Proposed Business Combination with Terran Orbital Corporation

Wednesday, December 1, 2021 - 9:53pm

Tailwind Two Acquisition Corp. (NYSE: TWNT) (Tailwind Two), a special purpose acquisition company and Terran Orbital Corporation (Terran Orbital), a global leader and pioneer in the development, innovation and operation of small satellites and earth observation solutions, jointly announced today several updates demonstrating strong momentum following their previously announced entry into a business combination agreement on October 28, 2021.

Key Points: 
  • Tailwind Two Acquisition Corp. (NYSE: TWNT) (Tailwind Two), a special purpose acquisition company and Terran Orbital Corporation (Terran Orbital), a global leader and pioneer in the development, innovation and operation of small satellites and earth observation solutions, jointly announced today several updates demonstrating strong momentum following their previously announced entry into a business combination agreement on October 28, 2021.
  • This initial draw will be used to fund growth, facility development, and the working capital needs of Terran Orbital prior to the closing of the business combination.
  • As previously announced on October 28, 2021, under the terms of the business combination between Tailwind Two and Terran Orbital, the combined company will operate under the name Terran Orbital Corporation, with plans to list on the NYSE under the symbol LLAP.
  • This press release includes certain forward-looking statements, estimates, and projections provided by Terran Orbital that reflect management's views regarding the anticipated future financial and operating performance of Terran Orbital.

Redwire Regolith Manufacturing Technology Wins Popular Science 2021 Best of What’s New Award

Wednesday, December 1, 2021 - 9:30pm

Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that its Redwire Regolith Print (RRP) has been awarded a 2021 Popular Science Best of Whats New Award in the Aerospace category.

Key Points: 
  • Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that its Redwire Regolith Print (RRP) has been awarded a 2021 Popular Science Best of Whats New Award in the Aerospace category.
  • Popular Sciences Best of Whats New Awards winners are technologies or products that represent a significant step forward in one of ten categories.
  • The mission demonstrated core components of the fused deposition modeling printing process with regolith feedstock material using Redwires Additive Manufacturing Facility currently aboard the ISS.
  • "It's an incredible honor for our technology to be recognized by Popular Science as one of the most cutting-edge innovations developed this year," said Michael Snyder, Chief Technology Officer of Redwire.

Square, Inc. Changes Name to Block

Wednesday, December 1, 2021 - 9:30pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20211201006139/en/
    The change to Block acknowledges the companys growth.
  • Block is an overarching ecosystem of many businesses united by their purpose of economic empowerment, and serves many peopleindividuals, artists, fans, developers, and sellers.
  • We built the Square brand for our Seller business, which is where it belongs, said Jack Dorsey, cofounder and CEO of Block.
  • There will be no organizational changes, and Square, Cash App, TIDAL, and TBD54566975 will continue to maintain their respective brands.

Fastly to Present at the Raymond James Technology Investors Conference

Wednesday, December 1, 2021 - 9:05pm

Fastly, Inc. (NYSE: FSLY), the worlds fastest edge cloud network provider, announced today that Chief Executive Officer Joshua Bixby and Chief Financial Officer Ron Kisling will be presenting at the Raymond James Technology Investors Conference on December 6, 2021, at 9:30 a.m. PT / 12:30 p.m.

Key Points: 
  • Fastly, Inc. (NYSE: FSLY), the worlds fastest edge cloud network provider, announced today that Chief Executive Officer Joshua Bixby and Chief Financial Officer Ron Kisling will be presenting at the Raymond James Technology Investors Conference on December 6, 2021, at 9:30 a.m. PT / 12:30 p.m.
  • Fastly is upgrading the internet experience to give people and organizations more control, faster content, and more dynamic applications.
  • By combining the worlds fastest global edge cloud network with powerful software, Fastly helps customers develop, deliver, and secure modern distributed applications and compelling digital experiences.
  • Fastlys customers include many of the worlds most prominent companies, including Pinterest, The New York Times, and GitHub.

Trifacta Launches the Data Engineering Cloud for Snowflake

Wednesday, December 1, 2021 - 9:05pm

This innovation enables faster data transformation and emphasizes Trifactas leadership in data engineering to deliver consumable data for analytics and machine learning.

Key Points: 
  • This innovation enables faster data transformation and emphasizes Trifactas leadership in data engineering to deliver consumable data for analytics and machine learning.
  • Trifactas support of Snowflake leverages the scale of the cloud enabling data transformations across any scale of data.
  • From a few MB of data to exabytes of data, Trifacta provides intelligent data transformations helping data professionals understand their data at the most granular level, with the desired scale.
  • The Trifacta Data Engineering Cloud leverages decades of innovative research in human-computer interaction, scalable data management, and machine learning to make the process of preparing data and engineering data products faster and more intuitive.

Pexco LLC Acquires Performance Elastomers Corporation

Wednesday, December 1, 2021 - 8:41pm

Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Performance Elastomers Corporation (PEC).

Key Points: 
  • Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Performance Elastomers Corporation (PEC).
  • Based in Ravenna, Ohio, near Akron, Performance Elastomers specializes in manufacturing dense and sponge elastomer products, including both rubber-based and thermoplastic elastomers (TPEs), used in recreational vehicle, automotive aftermarket, marine and heavy equipment applications.
  • Pexco CEO Sam Patel stated, We are delighted to welcome Performance Elastomers to the Pexco family of companies.
  • Performance Elastomers Corporation is a custom provider of rubber, silicone, and thermoplastic elastomer products, offering an extensive array of secondary processes as well as in-house tool and die capabilities.

Rocket Lab Readies Electron For Lift-Off In Fastest Launch Turnaround Yet

Wednesday, December 1, 2021 - 8:33pm

These two missions for BlackSky (NYSE: BKSY ) occur 19 days apart and represent Rocket Labs quickest turnaround in its launch history.

Key Points: 
  • These two missions for BlackSky (NYSE: BKSY ) occur 19 days apart and represent Rocket Labs quickest turnaround in its launch history.
  • The A Data With Destiny mission for BlackSky managed through global launch services provider Spaceflight Inc., will be Rocket Labs 23rd Electron launch and sixth mission of 2021.
  • Scheduled to launch from Rocket Lab Launch Complex 1 in New Zealand during a launch window that opens December 7, 2021 UTC, Electron will lift-off to deploy two BlackSky satellites to low-Earth orbit as part of the companys rapid expansion of its satellite constellation.
  • Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle and the Photon satellite platform and is developing the Neutron 8-ton payload class launch vehicle.

InterSystems IRIS Achieves AWS Graviton Ready Designation

Wednesday, December 1, 2021 - 8:30pm

InterSystems , a creative data technology provider dedicated to helping customers solve the most critical scalability, interoperability, and speed problems, announced today that it has achieved the AWS Graviton Ready designation, part of the Amazon Web Services, Inc. (AWS) Service Ready Program.

Key Points: 
  • InterSystems , a creative data technology provider dedicated to helping customers solve the most critical scalability, interoperability, and speed problems, announced today that it has achieved the AWS Graviton Ready designation, part of the Amazon Web Services, Inc. (AWS) Service Ready Program.
  • This designation recognizes that InterSystems IRIS data platform and InterSystems IRIS for Health have demonstrated successful integration with AWS Graviton Service.
  • View the full release here: https://www.businesswire.com/news/home/20211201006089/en/
    Achieving the AWS Graviton Ready designation differentiates InterSystems as an AWS Partner Network (APN) member with a product integrating with AWS Graviton and is generally available and fully supported for AWS customers.
  • As an AWS Graviton Ready Launch Partner, InterSystems is empowering IRIS customers with more streamlined operation on AWS, said Scott Gnau, Head of Data Platforms at InterSystems.