Houston Advanced Research Center

Korea Shipbuilding & Offshore Engineering to Develop Fuel Cell System with European Research Institute and Stack Manufacturer Partner

Retrieved on: 
Tuesday, January 10, 2023

Korea Shipbuilding & Offshore Engineering (KSOE) signs an MOU with Fraunhofer IKTS of Germany and fuel cell component manufacturer Elcogen, based in Estonia and Finland

Key Points: 
  • Korea Shipbuilding & Offshore Engineering (KSOE) signs an MOU with Fraunhofer IKTS of Germany and fuel cell component manufacturer Elcogen, based in Estonia and Finland
    LAS VEGAS, Jan. 9, 2023 /PRNewswire/ -- Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of HD Hyundai, will embark on a mission to develop fuel cell systems for ships and power generation and acquire technologies for green hydrogen production, in collaboration with Europe's largest research institute and a fuel cell stack manufacturer.
  • "The MOU will allow us to acquire key technologies in the fields of green hydrogen production and fuel cell system manufacturing."
  • Fraunhofer IKTS is the largest applied research institute in Europe with 72 labs across Germany.
  • (From left: Hanna Granö-Fabritius, Managing Director of Elcogen; Sungjoon Kim, Senior Executive Vice President and head of KSOE's Advanced Research Center; Alexander Michaelis, Institute Director of Fraunhofer IKTS)

SinoHytec Announces Proposed Listing on the Main Board of the Hong Kong Stock Exchange, Offer Price Between HK$60 and HK$76 per H Share, Raise up to HK$1,540.7 million

Retrieved on: 
Thursday, December 29, 2022

The Hong Kong Public Offering will commence at 9 a.m., December 29, 2022 (Thursday), and close at 12:00 noon on January 5, 2023 (Thursday).

Key Points: 
  • The Hong Kong Public Offering will commence at 9 a.m., December 29, 2022 (Thursday), and close at 12:00 noon on January 5, 2023 (Thursday).
  • Dealings in the shares of SinoHytec on the Main Board of the Hong Kong Stock Exchange is expected to commence on January 12, 2023 (Thursday), with the stock code 2402 and in board lots of 50 Offer Shares each.
  • Established in 2012, the company is a pioneer in the R&D and commercialization of fuel cell systems in China and started batch production in 2016.
  • As of December 20, 2022, the company's fuel cell systems have powered over 2,800 fuel cell vehicles on the road in China.

Korea Shipbuilding & Offshore Engineering Sets to Usher in the Era of Unmanned Ships

Retrieved on: 
Monday, January 9, 2023

KSOE signed a MOU with ABS on the development and demonstration of automated machinery and integrated safety control system in autonomous ships on January 6 in Las Vegas during CES 2023.

Key Points: 
  • KSOE signed a MOU with ABS on the development and demonstration of automated machinery and integrated safety control system in autonomous ships on January 6 in Las Vegas during CES 2023.
  • "Through the MOU, we hope to further extend our lead in unmanned technology, that enables autonomous navigation and self-diagnosis of equipment and safety."
  • ABS is one of world's leading ship classification organizations that contributes to the stable growth of the shipbuilding and maritime industry by setting standards for safety and technological excellence for ships and offshore structures.
  • "ABS is leading the industry in supporting autonomous projects and assisting pioneers like HD Hyundai and KSOE.

HD Hyundai Announces a New "Ocean Transformation" Vision

Retrieved on: 
Wednesday, January 4, 2023

LAS VEGAS, Jan. 4, 2023 /PRNewswire/ -- HD Hyundai, the world's largest shipbuilding and heavy industries conglomerate, introduced at a press conference January 4, Ocean Transformation, a fundamental reframing of the company's perspective and approach on ocean utilization with a focus on sustainability. The press conference was held on the eve of the opening day of CES 2023 — the world's largest electronics and IT trade show, at the Mandalay Bay Hotel in Las Vegas, US.

Key Points: 
  • "For HD Hyundai, the ocean is our home base; It's where we can share the depth of our expertise.
  • We hope to realize a sustainable future for mankind by capitalizing on the ocean's infinite potential," said Kisun Chung, CEO of HD Hyundai, at the press conference.
  • Further, Yuri Kim, senior researcher at KSOE revealed the vision for an ocean energy ecosystem envisaged by HD Hyundai.
  • "We plan to showcase our vision and technology for the global audience again this year, following last year's participation in CES," said an HD Hyundai representative.

Ransomware Activity Doubles in Transportation and Shipping Industry

Retrieved on: 
Wednesday, November 16, 2022

The report includes evidence of malicious activity linked to ransomware and nation-state backed advanced persistent threat (APT) actors.

Key Points: 
  • The report includes evidence of malicious activity linked to ransomware and nation-state backed advanced persistent threat (APT) actors.
  • Key findings:
    U.S. Ransomware Activity Leads the Pack: In the U.S. alone, ransomware activity increased 100% quarter over quarter in transportation and shipping.
  • Ransomware Evolved: Phobos, a ransomware sold as a complete kit in the cybercriminal underground, has avoided public reports until now.
  • It accounted for 10% of global detected activity and was the second most used ransomware detected in the US.

Korea Shipbuilding & Offshore Engineering to demonstrate fuel cell-applied ship operation

Retrieved on: 
Tuesday, October 11, 2022

KSOE signed a consortium agreement to demonstrate fuel cells for ships Shell, Doosan Fuel Cell, HyAxiom, and DNV.

Key Points: 
  • KSOE signed a consortium agreement to demonstrate fuel cells for ships Shell, Doosan Fuel Cell, HyAxiom, and DNV.
  • Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of Hyundai Heavy Industries Group's shipbuilding sector, said on October 11 at The Westin Josun Seoul Hotel that it signed a consortium agreement to demonstrate fuel cells for ships with global energy company Shell, Doosan Fuel Cell, HyAxiom, and DNV.
  • Shell will be in charge of managing and operating the ship, as well as managing the demonstration project, while Doosan Fuel Cell and HyAxiom will develop and supply fuel cells for the ship.
  • "We expect to preoccupy next-generation eco-friendly ship technologies and speed up marine decarbonization through this fuel cell-applied ship demonstration."

Korea Shipbuilding & Offshore Engineering to demonstrate fuel cell-applied ship operation

Retrieved on: 
Tuesday, October 11, 2022

Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of HHI Group's shipbuilding sector, said on October 11 that it signed a consortium agreement to demonstrate fuel cells for ships with global energy company Shell, Doosan Fuel Cell, HyAxiom, and DNV.

Key Points: 
  • Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of HHI Group's shipbuilding sector, said on October 11 that it signed a consortium agreement to demonstrate fuel cells for ships with global energy company Shell, Doosan Fuel Cell, HyAxiom, and DNV.
  • Based on the expertise in shipbuilding for over 50 years, HHI Group will build a ship, design and install SOFC placements, and integrate the ship system.
  • Shell will be in charge of managing and operating the ship, as well as managing the demonstration project, while Doosan Fuel Cell and HyAxiom will develop and supply fuel cells for the ship.
  • "We expect to preoccupy next-generation eco-friendly ship technologies and speed up marine decarbonization through this fuel cell-applied ship demonstration."

Trellix Expands XDR Platform to Transform Security Operations

Retrieved on: 
Wednesday, September 28, 2022

Xpand Live Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced the expansion of its XDR platform.

Key Points: 
  • Xpand Live Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced the expansion of its XDR platform.
  • Trellix Event Fabric bridges disparate security data from any cloud provider allowing security analysts to access and correlate data from anywhere.
  • Trellix XDR gives us more visibility and context into threats, said Kate Downing, Senior Director Security & Risk, Clario.
  • XConsole simplifies the user experience across Trellix XDR providing a single interface for security operations teams.

Trellix Launches Advanced Research Center, Finds Estimated 350K Open-Source Projects at Risk to Supply Chain Vulnerability

Retrieved on: 
Wednesday, September 21, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220921005396/en/
    The threat landscape is scaling in sophistication and potential for impact, said Aparna Rayasam, Chief Product Officer, Trellix.
  • Trellix Advanced Research Center has the cybersecurity industrys most comprehensive charter and is at the forefront of emerging methods, trends and actors across the threat landscape.
  • In coordination with todays launch, Trellix Advanced Research Center also published its research into CVE-2007-4559 , a vulnerability estimated to be present in over 350,000 open-source projects and prevalent in closed-source projects.
  • A free tool for developers to check if their applications are vulnerable is available on Trellix Advanced Research Centers GitHub .

Toyota, NREL Collaborate to Advance Megawatt-Scale Fuel Cell Systems

Retrieved on: 
Wednesday, August 24, 2022

PLANO, Texas, Aug. 24, 2022 /PRNewswire/ -- Toyota Motor North America (Toyota) is collaborating with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) to build, install and evaluate a 1-megawatt (MW) proton exchange membrane (PEM) fuel cell power generation system at NREL's Flatirons Campus in Arvada, Colorado.

Key Points: 
  • The 1-MW fuel cell system integrates multiple Toyota fuel cell modules into a larger system to provide responsive stationary power.
  • Through a previous collaboration, NREL has demonstrated the use of an automotive fuel cell system to provide carbon-free power for a data center .
  • Toyota leveraged its over 25 years of fuel cell development experience as it designed the 1-MW system, expanding on expertise from the light duty fuel cell electric vehicle market.
  • "This fuel cell generator system also creates a new megawatt-scale fuel cell research capability at NREL."