MSIL

Lauretta AI Announces Groundbreaking Collaboration with TSA to Enhance Video Analytics Technologies

Retrieved on: 
Wednesday, December 27, 2023

The collaboration with TSA is a significant step for Lauretta AI, underscoring its commitment to innovation and progress in the field of security technology.

Key Points: 
  • The collaboration with TSA is a significant step for Lauretta AI, underscoring its commitment to innovation and progress in the field of security technology.
  • "As Lauretta takes strides with anonymous people tracking, this collaboration with the TSA stands as a testament to innovation and progress," said Galvin Widjaja , CEO at Lauretta AI.
  • Delos, a product solely owned by Lauretta AI and not affiliated with any organization, represents a noteworthy milestone in video analytics technology.
  • This evaluation is a crucial step in advancing video analytics technologies, offering an opportunity for comprehensive testing and constructive feedback.

Lockheed Martin Opens 25,000-Square Foot, $16.5M Missile Defense Lab

Retrieved on: 
Tuesday, November 14, 2023

HUNTSVILLE, Ala., Nov. 14, 2023 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today opened a $16.5M engineering facility at its Huntsville campus, introducing more capabilities for missile defense innovation in North Alabama.

Key Points: 
  • HUNTSVILLE, Ala., Nov. 14, 2023 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today opened a $16.5M engineering facility at its Huntsville campus, introducing more capabilities for missile defense innovation in North Alabama.
  • The new Missile System Integration Lab (MSIL) is where Lockheed Martin plans to conduct development, testing, and system integration for the nation's next long range ballistic missile defense interceptor – the Next Generation Interceptor ( NGI ) for the U.S. Missile Defense Agency (MDA).
  • "Lockheed Martin is committed to North Alabama and this facility is further evidence of that," said Robert Lightfoot, executive vice president of Lockheed Martin Space.
  • NGI program headquarters is located in Huntsville, where Lockheed Martin is bringing jobs, infrastructure and investment to help strengthen the region as a thriving excellence hub for missile defense.

Nanoprecise Sci Corp Wins Maruti Suzuki Cohort 5 of the MAIL programme

Retrieved on: 
Wednesday, April 6, 2022

EDMONTON, AB, April 6, 2022 /PRNewswire/ -- Nanoprecise Sci Corp , an automated Predictive Maintenance Solutions Provider is awarded FIRST PLACE in the Mobility and Automobile InnovationLab (MAIL) programme by Maruti Suzuki India Limited (MSIL).

Key Points: 
  • EDMONTON, AB, April 6, 2022 /PRNewswire/ -- Nanoprecise Sci Corp , an automated Predictive Maintenance Solutions Provider is awarded FIRST PLACE in the Mobility and Automobile InnovationLab (MAIL) programme by Maruti Suzuki India Limited (MSIL).
  • The programme offers tech start-ups with digital innovations, an opportunity to do a Proof-of-Concept project with Maruti Suzuki India Limited and allows Maruti Suzuki the opportunity to evaluate the highest potential technologies that will continue to improve their operations.
  • Nanoprecise Sci Corp specializes in the delivery of comprehensive, cloud-based solutions for the lifecycle monitoring of equipment, using IoT, AI and Data science applications.
  • Nanoprecise was awarded FIRST Place in the MAIL programme by preventing significant hours of downtime while monitoring critical equipment in the assembly line of the manufacturing plant.

Nanoprecise Sci Corp Wins Maruti Suzuki Cohort 5 of the MAIL programme

Retrieved on: 
Wednesday, April 6, 2022

GATESHEAD, England, April 6, 2022 /PRNewswire/ -- Nanoprecise Sci Corp , an automated Predictive Maintenance Solutions Provider is awarded FIRST PLACE in the Mobility and Automobile InnovationLab (MAIL) programme by Maruti Suzuki India Limited (MSIL).

Key Points: 
  • GATESHEAD, England, April 6, 2022 /PRNewswire/ -- Nanoprecise Sci Corp , an automated Predictive Maintenance Solutions Provider is awarded FIRST PLACE in the Mobility and Automobile InnovationLab (MAIL) programme by Maruti Suzuki India Limited (MSIL).
  • The programme offers tech start-ups with digital innovations, an opportunity to do a Proof-of-Concept project with Maruti Suzuki India Limited and allows Maruti Suzuki the opportunity to evaluate the highest potential technologies that will continue to improve their operations.
  • Nanoprecise Sci Corp specializes in the delivery of comprehensive, cloud-based solutions for the lifecycle monitoring of equipment, using IoT, AI and Data science applications.
  • Nanoprecise was awarded FIRST Place in the MAIL programme by preventing significant hours of downtime while monitoring critical equipment in the assembly line of the manufacturing plant.

Nanoprecise Sci Corp Wins Maruti Suzuki Cohort 5 of the MAIL programme

Retrieved on: 
Wednesday, April 6, 2022

GATESHEAD, England, April 6, 2022 /PRNewswire/ -- Nanoprecise Sci Corp , an automated Predictive Maintenance Solutions Provider is awarded FIRST PLACE in the Mobility and Automobile InnovationLab (MAIL) programme by Maruti Suzuki India Limited (MSIL).

Key Points: 
  • GATESHEAD, England, April 6, 2022 /PRNewswire/ -- Nanoprecise Sci Corp , an automated Predictive Maintenance Solutions Provider is awarded FIRST PLACE in the Mobility and Automobile InnovationLab (MAIL) programme by Maruti Suzuki India Limited (MSIL).
  • The programme offers tech start-ups with digital innovations, an opportunity to do a Proof-of-Concept project with Maruti Suzuki India Limited and allows Maruti Suzuki the opportunity to evaluate the highest potential technologies that will continue to improve their operations.
  • Nanoprecise Sci Corp specializes in the delivery of comprehensive, cloud-based solutions for the lifecycle monitoring of equipment, using IoT, AI and Data science applications.
  • Nanoprecise was awarded FIRST Place in the MAIL programme by preventing significant hours of downtime while monitoring critical equipment in the assembly line of the manufacturing plant.

Stoneridge Announces Sale of Minority Interest in Minda Stoneridge Instruments Ltd.

Retrieved on: 
Tuesday, November 2, 2021

The purchase price of the MSIL equity shares is $21.5 million equivalent Indian Rupee which is payable in U.S dollars at closing.

Key Points: 
  • The purchase price of the MSIL equity shares is $21.5 million equivalent Indian Rupee which is payable in U.S dollars at closing.
  • The parties expect to close the transaction by December 30, 2021, subject to the satisfaction of customary closing conditions.
  • We value the partnership we have developed with Minda through MSIL and wish them continued success going forward."
  • Prior to entering into the SPA, the Company and Minda owned 49% and 51%, respectively, of MSIL.