New Cutting-Edge 25 mm Image Intensifier to be Unveiled at SPIE Photonics West 2024

San Francisco, Jan 18, 2024 – (ACN Newswire) – Exosens is proud to announce the expansion of Photonis’ Ultimate Detection Scientific Imaging product portfolio with the introduction of the 25 mm Image Intensifier solution. This latest technology will be showcased at SPIE Photonics West from January 30 to February 1 at the Exosens booth #3273. This event will provide an excellent opportunity for attendees to explore Photonis’ cutting-edge 25 mm Image Intensifier model and other state-of-the-art technologies.

Photonics West

Based on Photonis market-leading Hi-CE MCP technology, and available with advanced Hi-QE photocathodes, Photonis Image Intensifiers are widely recognized for their high quality and top-tier specifications. Available configurations include Single MCP, Dual MCP, and Proximity Focused Diode models all offering superb signal-to-noise ratio, spatial resolution, and gating characteristics.

Driven by a demand for increased active detection area in life science and scientific imaging applications, Photonis now offers ultra-high speed and scientific camera manufacturers their upgraded 25 mm Image Intensifier technology next to their well-established 18 mm and 40 mm range.

“For decades, Photonis has been a leading technology brand for scientific and ultra-highspeed camera manufacturers worldwide, providing them the highest quality intensifier solutions with unprecedented performance and support. With the introduction of the new 25 mm variant now complementing the Scientific Image Intensifier lineup, camera manufacturers can provide scientists and researchers with high-end intensified imaging solutions for every application,” said Ulrich Laupper – President and Executive GM of Exosens Ultimate Detection Business.

ABOUT PHOTONIS:

Photonis is a leading product brand of Exosens, a high-tech company with more than 85 years of experience in the innovation, development, manufacture, and sale of high-end electro-optical technologies used in the detection and amplification of ions, electrons, and photons. Photonis offers its customers photo-detection and low-light conditions imaging solutions for extremely demanding environments such as Defense & Security, Nuclear Safety, Life Science, and Industrial & Non-Destructive testing. Photonis is internationally recognized as a leading brand and a major innovator in its fields with production and R&D sites in Europe and North America.

For more information:

exosens.com

science@exosens.com

FORWARD-LOOKING STATEMENT:

Certain information included in this press release are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations, and assumptions, including, without limitation, assumptions regarding present and future business strategies and the environment in which Exosens operates, and involve known and unknown risks, uncertainties, and other factors, which may cause actual results, performance or achievements to be materially different from the forward-looking statements included in this press release.

Contact Information:
Sikke Lautenbach
Sales & Business Development Manager
s.lautenbach@exosens.com

SOURCE: Photonis Netherlands BV

View the original press release on newswire.com.

XTS Technologies Elevates Industrial Automation with Launch of 11-Metre-High Autonomous Case-Handling Mobile Robot

KUALA LUMPUR, Jan 18, 2024 – (ACN Newswire) – XTS Technologies Sdn. Bhd. (“XTS Technologies” or the “Company”), an expert integrator of smart-factories, proudly unveils ‘Haipick’, the world’s first 11-metre tall Autonomous Case-handling Mobile Robot (ACR) system, in a collaborative appreciation dinner recently with Sinma Digital Commerce Sdn. Bhd. (“Sinma Digital”), themed ‘Move on to a New Journey’.

Xteven Teoh, Founder and Managing Director of XTS Technologies Sdn. Bhd.; Chung Dao, Director of XTS Technologies Sdn. Bhd.; Lee Kia Shen, Chief Executive Officer of Sinma Digital Commerce Sdn. Bhd.; Lee Kia Wei, Chief Operating Officer of Sinma Digital Commerce Sdn. Bhd. [L-R]

This groundbreaking system, leveraging Automated Case-handling Technology (ACT), is set to revolutionise industrial efficiency and precision, aligning seamlessly with the demands of Industry 4.0.

XTS Technologies, known for its Automated Sorting Conveyor (ASC), Automated Storage and Retrieval Systems (ASRS), and Dimensioning, Weighing and Scanning (DWS) solutions, reinforces the commitment to innovation with Haipick AGV Picking Robot. Ensuring top-tier accuracy and efficiency, Haipick, along with XTS’ suite of technologies, plays a vital role in elevating global warehousing and logistics capabilities. The Company’s global presence in the US, Europe, and Japan solidifies its position as a key player in international automation and e-commerce sectors.

Xteven Teoh, Founder and Managing Director of XTS Technologies said, “XTS Technologies leads in robotics solutions and warehouse logistics automation in Malaysia, rooted in a commitment to Beyond Industrial 4.0. Our focus extends beyond technological innovation to encompass environmental stewardship, social responsibility, and strong governance. In projects like our AGF Forklift and AGV Sorting Robot automaton project in collaboration with Padini Holdings, we emphasise sustainability through automation, reducing carbon footprint and enhancing energy efficiency towards the nation’s carbon neutral goals.”

He added, “Our team’s dedication to redefining manufacturing processes drives industry advancement ensures our contributions positively impact society and the environment. We are excited about a future where our innovations in technology play a crucial role in fostering a sustainable and efficient industrial landscape, epitomising the essence of Beyond 4.0.”

“Sinma Digital’s strategic growth is enhanced by our excellent financial health, a trajectory that will be further accelerated through collaboration with XTS Technologies,” stated Lee Kia Shen, Chief Executive Officer of Sinma Digital, “XTS’ innovative solutions bring superior efficiency and precision, which is crucial for our expansion and operation excellence. This partnership minimizes human error and optimizes space use, reinforcing our confidence in a promising future.”

Sinma Digital is the first ecommerce warehouse in Malaysia to utilize the Haipick system, where the automation allows Sinma to handle incoming spike in volume by multiple folds with the growth in the industry.

Chung Dao, Director of XTS Technologies as well as Sinma Digital, brings a wealth of experience and strategic insight to the table. He said, “The launch marks a milestone for XTS Technologies and Sinma Digital with the introduction of Haipick, the world’s first Autonomous Case-handling Mobile Robot system. This event underscores our commitment to technical and service excellence, innovation, and exceeding market expectations.

At XTS, we are also placing a heightened focus on enhancing our financial stability, and this strategic financial strengthening is fundamental to the company’s continued success and growth.

The journey with Sinma promises transformation and innovation. Our clients and partners’ ongoing support is crucial in our pursuit of excellence and leadership in technology, thank you for being a part of our vision for a future shaped by groundbreaking innovation and technological mastery.”

Chung Dao plays a vital role in advancing both companies’ financial stability and optimising operational processes for seamless functionality.

XTS Technologies and Sinma Digital’s partnership marks a significant milestone in their journey, blending technological innovation with strategic foresight. Their combined efforts are setting new standards in the industry, driving progress and efficiency in the Malaysian and global digital landscapes.

TAMCO Switchgear Testing Laboratory Receives ISO 17025 Certification

KUALA LUMPUR, Jan 8, 2024 – (ACN Newswire) – TAMCO Switchgear Testing Laboratory has been accredited with ISO 17025, a globally recognized international standard for testing and calibration laboratories, from Standards Malaysia. This accreditation marks a pivotal milestone for TAMCO Switchgear as it further strengthens its product quality control in ensuring a safe and reliable power supply to support the NETR initiatives.

The ISO 17025 accreditation signifies that the TAMCO Switchgear Testing Laboratory, located in Bukit Raja, Selangor meets the highest standards for competence in the testing of medium-voltage switchgear which were previously conducted by foreign laboratories namely KEMA in the Netherlands, CESI in Italy, ASTA in Australia, and IPH in Germany. By implementing in-house testing in accordance with ISO 17025 accreditation, TAMCO Switchgear is able to reduce the lead time of product delivery to meet the demanding project requirements.

“We are proud to have received ISO 17025 accreditation as this accreditation is a testament to our commitment to quality and compliance. It allows us to serve our customers and the industry better, and achieve the global goals together, such as NETR,” said Dr. Ir. Segaran Narayanan, CEO of TAMCO Switchgear.

Malaysia’s National Energy Transition Roadmap (NETR) was introduced to ensure the nation remains relevant and competitive in a world where industrial and commercial bases are rapidly changing by the day. The NETR is a significant milestone for Malaysia and comprehensively charts our nation’s trajectory towards a brighter, cleaner, and more resilient future.

TAMCO Switchgear’s Testing Laboratory is equipped with state-of-the-art equipment and is staffed by highly qualified engineers and technicians. In 2008, the laboratory underwent significant developments, coinciding with the relocation of the manufacturing plant. This strategic move aimed to enhance the efficiency of product testing and certification processes. Towards this end, the laboratory is equipped to test a wide range of medium-voltage switchgear products, to ensure a reliable power transmission for the electricity supply throughout the nation.

With its ISO 17025 accreditation, TAMCO Switchgear is well-positioned to meet the growing demand for high-quality medium-voltage switchgear products in Malaysia and the surrounding region. The accreditation also opens doors to new markets by meeting regulatory requirements in different regions. It enhances the competitiveness of the business, making it more attractive to clients who prioritize working with accredited laboratories.

The ISO 17025 accreditation is an internationally recognized standard for the competence of testing and calibration laboratories. To achieve accreditation, a laboratory must demonstrate that it has the necessary staff, equipment, and procedures to conduct testing and calibration to the highest standards.

For more information about TAMCO Switchgear and its industry-leading solutions, please visit www.tamco.com.my.

For media enquiries, please contact:

Esther Liew | esther.liew@tamco.com.my | +03-3361 8200

Seyond and Wideye by AGC To Showcase Functional Built-In Windshield LiDAR Solution at CES 2024

SUNNYVALE, CA, Dec 19, 2023 – (ACN Newswire) – Seyond (formerly Innovusion), a leading global provider of high-performance LiDAR sensors and solutions for autonomous vehicles and smart transportation, and Wideye, a corporate scale-up of AGC group specializing in cutting-edge glass solutions for optical sensor integration, have joined forces in a co-development for an innovative in-cabin LiDAR solution for vehicles to be presented at CES 2024.

This collaboration focuses on delivering an innovative, practical and visually seamless integration of LiDAR systems behind vehicle windshields. Following their joint announcement earlier this year to prioritize this integrated approach, the companies revealed an initial mockup at the Shanghai Motor Show. The upcoming product presentation is a critical milestone, showcasing a fully functional prototype featuring a full-size Wideye windshield and Seyond’s operational Robin-E LiDAR solution, complemented by additional sensors such as cameras and rain-detection technology.

The windshield has always been an obvious location for a LiDAR sensor in vehicle integration, given its high mounting position and low impact on vehicle design and its ability to protect sensors from the external environment. Seyond and Wideye have collaborated to solve major hurdles for in-cabin integration such as limiting performance drop with windshield installation angle and having an adequate heat and noise profile in a small form factor.

The demonstration unit to be presented at CES 2024 is intended to show the automotive industry how Seyond and Wideye have overcome those challenges. The aesthetically pleasing and reliable integration marks a significant step in the industry, signaling that the solution will be market-ready by 2024 to meet customers’ expectations.

“We’re very pleased to present this new integration with Wideye to the automotive community at CES,” said Junwei Bao, CEO at Seyond. “This feature is the next step in our goal to provide safer, smarter transportation across the globe, and we look forward to continued partnership and innovation with the company.”

“This is not the first time that we are developing and showcasing LiDAR integration behind the windshield, “said Gaetan Friart, CEO at Wideye. “Our vision has always been to have this in-vehicle LiDAR integration case as mainstream. However, whereas our previous efforts primarily aimed at demonstrating the feasibility of such a solution, this time we’re unveiling a product that’s closer than ever to being market-ready. It aligns precisely with industry demands, offering a large field of view while minimizing impact on vehicle design.”

The built-in LiDAR solution prototype will be on display at the Consumer Electronics Show in Las Vegas from January 9-12 at both Seyond’s booth (#7001) and AGC’s booth (#6667) at LVCC West Hall.

About Seyond

Seyond is a leading global provider of image-grade LiDAR technology, powering a safer, smarter and more mobile world across the automotive, intelligent transportation, robotics and industrial automation sectors. Founded in Silicon Valley with strategically placed research and manufacturing facilities across the globe, Seyond is crafting LiDAR solutions that elevate autonomous driving and fuel the advancement of smart infrastructure development. The company’s dynamic portfolio – including ultra-long range flagship LiDAR sensor Falcon, mid-to-short range LiDAR sensor Robin and perception service software platform OmniVidi – powers automotive and ITS solutions for partners like NIO, Faraday Future, Exwayz and Hexagon. Currently, over 200,000 Falcon units are in use, and the product continues to be mass-produced today.

About Wideye by AGC

Wideye® by AGC, a corporate scaleup focusing on sensor integration solutions, was launched by Tokyo-based AGC Group, a world-leading supplier of flat, automotive and display glass, chemicals and other high-tech materials and components. Wideye is backed by AGC Automotive Europe, AGC Group’s European automotive glass branch, which specializes in the production of glazing solutions for carmakers. Since its launch in 2016, Wideye has focused on enabling ADAS deployment and making fully autonomous vehicles a reality.

For more information, please visit: https://wideye.vision or https://www.linkedin.com/company/wideye-by-agc

Media Contacts
Seyond
Ken Bieber
PR@seyond.com

Wideye by AGC
Katia Hansen
Avenue Jean Monnet 4
1348 Louvain-La-Neuve, Belgium
Phone: +32 486 89 35 16
E-Mail: katia.hansen@agc.com
Web: https://wideye.vision/

VueReal Has Commenced Shipping High-Transparency and High-Resolution AM-MicroLED Displays Produced by VueReal MicroSolid Printing(TM) Platform to Its Partners

WATERLOO, ONTARIO, Dec 6, 2023 – (ACN Newswire) – VueReal celebrates a milestone in display technology, announcing the successful development and shipment of high-resolution and high-transparency microLED displays to its partners. The breakthrough comes courtesy of VueReal’s MicroSolid Printing™ Platform, addressing a pivotal challenge in MicroLED adoption – the efficient transfer of LEDs from wafer to backplane. Integrated into Active Matrix MicroLED displays, this achievement is set to reshape industries, introducing exceptional visual quality, energy efficiency, tunable transparency (80% to zero), and versatile applications.

VueReal Turnkey Platform

High-performing active matrix microLED display fabricated using VueReal Turnkey Platform

Key Highlights:

MicroLED Turnkey Platform:

The shipments underscore the capability and flexibility of VueReal’s MicroSolid Printing™ platform in developing a new display structure. More importantly, this turnkey platform showcases the success of fabricating and producing these unique displays, hitting a significant milestone in enabling mass market adoption of the MicroLED displays.

Enabling New Customers:

VueReal is actively inviting new customers to adopt MicroLED in their designs, offering access to the microLED platform. The company is now accepting new purchase orders for its newly developed high-resolution and high-transparency displays. Purchase orders will be evaluated based on business merits and the capability to integrate MicroLED into products, urging interested parties to provide detailed information about the business opportunities. Submit Your Order HERE.

VueReal Showcase at CES:

VueReal invites business leaders, industry professionals, and enthusiasts to explore its MicroLED displays and MicroSolid Printing technology at the upcoming Consumer Electronics Show (CES). The showcase promises insights into delivering the future of display technology today, highlighting the capabilities and advantages of VueReal’s MicroLED solutions. Submit CES 2024 Demo Request HERE.

Reza Chaji, CEO of VueReal, stated: “At VueReal, we envision MicroLED as the Next OLED in the $180 billion global display space. Our innovative mass-scale, low-cost, high-accuracy LED transfer process, aptly named MicroSolid Printing™, combined with our manufacturing display capabilities in Waterloo, Ontario, Canada, marks this vision’s realization.”

Mark Zeinstra, Vice President of Products, highlighted: “VueReal’s industry-leading MicroLED solutions create strong interest among our display, lighting, and sensor customers. Our customers are excited that VueReal technology makes the MicroLED’s advantages accessible. These features include improved reliability, packaging, brightness, low power, enhanced image quality, multi-functionality and transparency.”

About VueReal

VueReal, a leader in micro-pixel technology, stands at the forefront of innovation with a groundbreaking microLED transfer technology, MicroSolid Printing™. Leveraging its proprietary and cutting-edge MicroSolid Printing™ techniques, VueReal is poised to revolutionize the display landscape for several applications, including automotive, AR/VR, smartwatches, and smartphones. Its unique transfer technology is set to make developing groundbreaking and life-enhancing products as easy as software by facilitating scalable, cost-effective, and eco-friendly micro-pixel fabrication. To learn more, please follow VueReal at www.vuereal.com.

VueReal Communications
Sales: sales@vuereal.com
Investment: investment@vuereal.com

Contact Information
Reza Chaji
CEO
info@vuereal.com

Photonis Aids in TerraPower’s Mission of Low-Cost and Carbon-Free Energy Solutions With Key Components of Operation

STURBRIDGE, MA, Nov 27, 2023 – (ACN Newswire) – Photonis, a subsidiary of Exosens, a market-leading global provider of electro-optic solutions used in the detection and amplification of photons, ions, electrons, and neutrons, is thrilled to announce a pivotal milestone in its journey toward advancing nuclear reactor technology. The company is providing TerraPower, a renowned leader in nuclear innovation, high-temperature ionization chambers to be tested at Ohio State University Research Reactor, as part of the Molten Chloride Reactor Experiment (MCRE) project. The MCRE project is a combined effort under a Risk Reduction award (Department of Energy Award Number DEâ€‘NE0009045) under the US DOE Advanced Reactor Development Program with TerraPower, Southern Company (Prime on Award), Idaho National Laboratory, Core Power, Orano Federal Services, EPRI and 3M as project partners.

TerraPower and Southern Company’s Molten Chloride Reactor Experiment (MCRE) represents a paradigm shift in the nuclear energy landscape, being the first molten-chloride fast reactor built in the world, aimed at measuring key reactor physics parameters and testing key hypotheses to support commercial demonstration of the Molten Chloride Fast Reactor (MCFR).

The MCRE project leverages cutting-edge technology and innovation to enhance the capabilities of nuclear reactors in addressing the critical challenge of carbon reduction.

“We are proud to announce that a commercial agreement has been signed between Photonis and TerraPower for the supply of ionization chambers as part of their Molten Chloride Reactor Experiment (MCRE) project. This experimental reactor to be built at Idaho National Laboratory is intended to provide foundational knowledge towards the design of Molten-Chloride Fast Reactors (MCFRs) in the United States.

“Thereby, TerraPower’s Molten Chloride Fast Reactor (MCFR) project expands the ability of nuclear reactor technology to decarbonize the economy in sectors including and beyond electricity. The MCFR technology operates at higher temperatures than conventional reactors, thus generating electricity more efficiently and without emissions.” – Cyril Barre, Director of Nuclear Instrumentation at Photonis.

Photonis’ ionization chambers are renowned for their precision, reliability, and long operating life, making them the ideal choice for a project as groundbreaking as the MCRE project.

Detectors have been tested at OSURR (Ohio State University Research Reactor) in September 2023.

Photonis is again proud to be part of this exciting achievement.

With its high level of knowledge, Photonis’ engineers will continue to contribute to overcoming the limits of science and work towards getting tomorrow’s clean energy running.

This first step not only marks a significant achievement for both Photonis/Exosens and TerraPower, but also signifies a crucial milestone in the global pursuit of cleaner and more sustainable energy solutions.

About Exosens

Exosens is a market-leading provider of technologies used in the detection and amplification of photons, ions, electrons, and neutrons. We innovate and engineer the highest quality technology solutions for integration into a wide variety of applications, such as mass spectrometry, night vision optics, digital cameras, nuclear instrumentation, life-science and physics research, space exploration, and many others. With over 80 years of experience in partnering with our customers to provide the world’s leading detection systems, Exosens has the experience to meet the specific challenges of the many markets we serve.

Related image

Contact Information
Sales Manager
Nuclear Instrumentation Sales Manager – North America
nuclearsales@exosens.com

Dr. Chow Bok-Hin, Executive Chairman of Niche-Tech Semiconductor Materials Limited, Honored with the Young Industrialist Awards of Hong Kong 2023

HONG KONG, Nov 22, 2023 – (ACN Newswire) – The Federation of Hong Kong Industries (“FHKI”) hosted the 2023 Young Industrialist Awards of Hong Kong (“YIAH”) and Industrialist of the Year (“IOY”) Award presentation ceremony on November 17th. Mr. Michael Wong, the Acting Financial Secretary of the HKSAR Government, attended the ceremony as the Guest of Honour. Dr. Chow Bok-Hin Felix, Executive Director and CEO of Niche-Tech Semiconductor Materials Limited (together with its subsidiary referred to as “Niche-Tech,” stock code: 8490.HK), was honored with the Young Industrialist Awards of Hong Kong 2023. This recognition reflects the market’s acknowledgment and confidence in the development of Niche-Tech.

The Young Industrialist Awards of Hong Kong were established by FHKI in 1988 to recognize young industrialists aged 21 to 45 who have achieved outstanding success in their respective industries. With this year’s awardees included, a total of 257 YIAH recipients have been recognized. The selection criteria for the YIAH not only emphasize market recognition of products and technologies but also highlight the importance of assisting in the industry’s transformation and upgrading. The goal is to promote the process of industrial revitalization in Hong Kong, aiming to achieve sustainable development.

Niche-Tech is a technology company dedicated to the research, development, manufacturing, and sales of semiconductor packaging materials. It was co-founded by Dr. Chow Bok-Hin Felix and his father, Professor Chow Chun-Kay Stephen, in 2006. Niche-Tech went public on the Hong Kong Stock Exchange’s GEM board in 2018, becoming the largest bonding wire manufacturer in Hong Kong and the second-largest domestic brand supplier in the Mainland market. The company’s market share in encapsulation adhesive for Mini-LED display applications exceeds 20%, ranking first. With Dr. Chow’s extensive industry experience and efficient leadership, Niche-Tech has focused on independent innovation, customer and market needs, and the direction of technological trends. The company has successfully developed domestically produced materials with stable quality and excellent performance, covering various products such as precision bonding wires, high polymer encapsulants, and chip bonding materials. Niche-Tech provides competitive choices and innovative solutions for specialized customers in power devices, IC packaging, LED packaging, and more. Dr. Chow stated, “The award presented by FHKI is not only as a personal accomplishment but also as recognition of my team’s contributions to the semiconductor advanced materials sector and society at large. I will continue to lead the team in propelling technological innovation in the field of new materials. We also plan to foster further cooperation with Hong Kong research institutions and universities to bolster the competitiveness of domestic products.”

Driven by the rapid development of the industry and the semiconductor localization, Niche-Tech places even greater emphasis on innovative research and development. The company invests significant resources in building high-standard technological platforms and cultivating a talented team. It closely monitors market demands, proactively adjusts development strategies, and successfully propelled the company into the supplier system of leading enterprises in the power device market through the introduction of newly developed bonding wire products. With years of efforts, Niche-Tech has been recognized as a national high-tech enterprise, “specialised and sophisticated” Small and Medium-Sized Enterprise of Guangdong Province, and a national-level specialised and sophisticated – Little Giant enterprise. Gradually, it has emerged as a prominent player in the segmented market, earning significant market recognition.

The “Dual Carbon” strategy and the upgrading of Insulate-Gate Bipolar Transistor (IGBT) products in the new energy field have brought new opportunities for the semiconductor industry. Moving forward, Niche-Tech will continue to strengthen its research and development innovation capabilities, accelerate product iteration, and continually optimize its product line and market layout. By forming an effective integrated development system and implementing a long-term development strategy, the company aims to consistently increase market share, enhance competitiveness, and continue driving the localization of the semiconductor industry in China as well as the industrial revitalization process in Hong Kong.

Innovusion Delivers 200,000 LiDAR Units, Driving the Industry with Unprecedented Growth

SUNNYVALE, CA, Nov 17, 2023 – (ACN Newswire) – Innovusion, a leading provider of high-performance LiDAR sensors and solutions, today announced that it has delivered 200,000 LiDAR units for vehicles cumulatively, achieving a significant milestone as the preeminent global leader in the LiDAR industry.

Innovusion is a rapidly growing player in the LiDAR space, holding the majority of LiDAR market share in 2022 for passenger cars and light commercial vehicles, according to Yole Intelligence’s Global Automotive LiDAR Market and Technology Report 2023. The company significantly outperformed Yole Intelligence’s projected forecast from the previous year and led both sales volume and revenue for the passenger car and commercial vehicle LiDAR market in 2022. This year, Innovusion has continued to lead large-scale delivery of LiDAR sensors through various partnerships with companies like automobile manufacturer NIO, which uses Innovusion’s automotive-grade product, Falcon, in eight models, including the ET7, ES7 and ET5.

The company’s production of 200,000 units in 2023 is a significant feat considering the challenges of large-scale mass production of high-performance LiDAR. Within the automotive sector, producers must pass extremely stringent requirements for product manufacturability, supply chain maturity, production cycle and reliability while maintaining precise assembly of optical instruments, orderly mass production at a fast pace and guaranteed product performance and yield rate. LiDAR is also susceptible to the challenges of many emerging fields in the automotive industry, such as low maturity of initial industrial chains, lack of large-scale industrial production capacity, difficulty in ensuring mass production landing, production consistency and quality control.

“We’re thrilled to have achieved this milestone of producing 200,000 LiDAR units this year,” said Junwei Bao, CEO and co-founder of Innovusion. “Innovusion is highly focused on enabling mass production while ensuring we create the highest quality sensors for our customers. We look forward to further advancing LiDAR functionality and facilitating safer, smarter and more efficient large-scale applications in the future.”

Pioneering Mass Production Through Forward-looking Design

Behind the delivery of a massive quantity of units lies a dedication to designing a comprehensive product matrix to meet the ever-evolving needs of customers in the automotive and ITS industries. Innovusion’s future-oriented product development is based on the real, complex needs of automotive manufacturers and traffic technologies providers. The company aims to continually solve customers’ core engineering problems, develop timely product improvements and explore innovative design solutions.

In 2021 Innovusion developed the world’s first automotive-grade high-performance LiDAR supply chain from scratch. At present, the company’s lightweight production line has achieved 90% automation, ensuring timely and efficient production. According to Yole Intelligence’s report, the demand for vehicle-based LiDAR is continuing to grow rapidly across the globe; market revenue is anticipated to rise to nearly $4.5 billion by 2028, up from $300 million in 2022. Innovusion’s annual production capacity is currently at over 300,000 units, and the company is planning new production lines to meet the market’s increasing demand.

Cementing Key Partnerships to Advance the LiDAR Industry

This year, Innovusion announced partnerships with several companies across the globe, including Wideye, Exwayz and D2 Traffic, to bring cutting-edge LiDAR to the automotive and ITS industries for safer and smarter transportation. The company has already been actively working with several other companies in the space, including NIO, TuSimple, EACON, Deepway, AUTRA TECH, and MOGO Auto. These collaborations have helped drive Innovusion’s growth and pursuit of advanced LiDAR solutions, and the company will continue to develop solutions that meet the unique needs of the industry.

About Innovusion

Innovusion is a leading global provider of image-grade LiDAR sensors that power a safer, smarter, and more mobile world across the automotive, intelligent transportation, rail and industrial automation industries. With R&D teams and automotive-grade manufacturing bases in both the USA and China, Innovusion’s portfolio of dynamic LiDAR solutions help transform communities with safer mobility in mind, deliver better autonomous driving experiences, and enable more accurate and efficient smart city development. Automotive-grade product, Falcon, has been a standard configuration of the Aquila system for 8 NIO models, including the ET7, ES7, and ET5 since 2022 and with 150,000+ units currently in use, continues to be mass produced as of today. For more information, please visit www.innovusion.com

Media Contacts

U.S. Media
Ken Bieber
PR@Innovusion.com

China Media
Echo Chen
echo.chen@cn.innovusion.com

Malaysia’s TAMCO Switchgear at the Forefront of Sustainability and Renewable Energy Sources Integration

KUALA LUMPUR, Nov 16, 2023 – (ACN Newswire) – TAMCO Switchgear, an established leader in electrical distribution and control solutions will participate at the Water, Energy, Technology, and Environment Exhibition (WETEX) 2023 to be held in Dubai from 15-17 November. At the event, TAMCO Switchgear will showcase its unwavering commitment to innovation and sustainability toward delivering world-class products and solutions.

WETEX 2023 is one of the region’s largest exhibitions dedicated to sustainability and clean energy technology. WETEX 2023 provides a platform for industry players to highlight their latest innovations and share their plans for the transformation of the energy and sustainability sectors.

According to Dr. Ir. Segaran Narayanan, CEO of TAMCO Switchgear, “As a company, we are committed to being at the forefront of the power distribution business with technological innovation and strategic business partnerships. We strive to be the trusted partner in energy distribution, and as the Gold Sponsor of WETEX 2023, we aim to showcase our continued commitment to sustainable and innovative solutions.”

“WETEX 2023 presents us with an opportunity to collaborate with like-minded industry leaders and companies. We are thrilled to be part of the event this year, and look forward to meeting with potential customers and partners at the exhibition to address the energy and environmental challenges that lie ahead,” Narayanan added.

TAMCO Switchgear’s participation at WETEX 2023 will see its teams showcasing capabilities in ensuring reliable and safe electrical power. In line with the global energy transition, the team will highlight its products and customised solutions in facilitating the integration of renewable energy sources for smart grid technologies. These solutions offer enhanced grid management, reliability, and efficiency, paving the way for a more intelligent and connected energy distribution network.

Visitors will have a chance to have a closer look at the physical display of TAMCO Switchgear’s Air Insulated Switchgear with built-in sensors, aligned to the digitalization trend in the industry. Visitors and participants can visit the booth to understand more about the state-of-the-art solutions that meet the evolving needs of the energy and environmental sectors, aligning with the world’s sustainability goals. In addition to the exhibition, there are also seminars taking place during the 3-day event. Devraj Manna, Senior General Manager of Research & Development from TAMCO Switchgear will be on-site to share his insights on Modular & Future Ready Medium Voltage Hybrid SF6 Switchgear on 16 November 2023.

Since 1997, TAMCO Switchgear has worked closely with the Dubai Electricity and Water Authority (DEWA) powering many iconic and prestigious projects including the Burj Khalifa, Burj Al Arab, Dubai Airport, Palm Jumeirah, and more.

Closer to home, TAMCO Switchgear has partnered with multiple companies across sectors contributing to the country’s economic growth while creating job opportunities in Malaysia. They have worked with the likes of Tenaga Nasional Berhad, Sarawak Energy Berhad, PETRONAS, Sabah Electricity Sdn Bhd, and Prasarana Malaysia Bhd, to name a few.

Today, TAMCO Switchgear is the one of the most vertically integrated switchgear manufacturers in Southeast Asia and is a prominent industry player in the region, exporting more than 50% of its products and solutions in select international markets of Southeast Asia, GCC, Australia, UK, and Africa.

The TAMCO Switchgear booth at WETEX 2023 held in Dubai from 15-17 November.

Visitor at the TAMCO Switchgear booth at WETEX 2023

For more information about TAMCO Switchgear and its industry-leading solutions, please visit www.tamco.com.my.

For media enquiries, please contact:

Esther Liew | esther.liew@tamco.com.my | +03-3361 8200

Apple Reports Strong Fourth Quarter Results with iPhone Sales Soar in China

HONG KONG, Nov 16, 2023 – (ACN Newswire) – Apple recently announced its financial results for the fourth quarter of the 2023 fiscal year, revealing impressive figures. The Company experienced an 11% increase in net profit to approximately $23 billion despite a 1% year-on-year decline in total revenue to $89.5 billion. iPhone sales accounted for around 50% of the total revenue, reaching $43.8 billion, representing a year-on-year growth of about 3%. Additionally, service revenue reached a new record high at approximately $22.3 billion, showing a year-on-year growth of about 16%.

While Apple’s revenue in Greater China declined by 2.5% due to exchange rate fluctuations, Apple CEO Tim Cook highlighted that iPhone revenue in mainland China set a September quarter record. Revenue actually increased when excluding the impact of exchange rate fluctuations.

Analyst Erik Woodring from Morgan Stanley noted that the new iPhone 15 Pro and iPhone 15 Pro Max are in high demand, and Apple’s CFO Luca expects supply and demand to balance out in the first quarter of 2024. Luca stated that Apple is “working hard to fulfill orders”. Analyst Amit Daryanani from Evercore ISI expressed interest in Apple’s upcoming head-mounted display, Vision Pro, to which Cook replied that the product has gained significant market interest, research and development expenses have increased, and there are highly anticipated products with better user experiences on the horizon.

Cook visited Luxshare Precision’s factory in Zhejiang on October 18th, just before the release of the financial report. He was accompanied by Luxshare Precision’s Chairwoman, Wang Laichun. Cook emphasized Apple’s commitment to advancing green and intelligent manufacturing in China, enriching the developer ecosystem, and growing together with industry supply chain partners. This visit was seen as a friendly gesture towards the Chinese market, as Chinese suppliers remain an integral part of Apple’s production process. Luxshare Precision, an important member of Apple’s supply chain, is responsible for the development and manufacturing of iPhone, Apple Watch, AirPods and Vision Pro, providing integrated solutions ranging from diversified components and modules to complete system assembly.

Luxshare Precision has been collaborating with Apple for over a decade and actively participates in Apple’s clean energy program, which aims to achieve carbon neutrality for Apple’s production by 2030. Wang Laichun revealed that Luxshare Precision is preparing for the release of the Apple Vision Pro headset early next year. Analyst Ming-Chi Kuo from TF International Securities previously estimated that Vision Pro’s shipment volume in 2024 would be between 400,000 and 600,000 units at most. The product has received positive feedback from multiple developers and has a promising market outlook.

Several suppliers have made significant progress through diversified strategies, benefiting from the launch of new Apple products. Luxshare Precision recently released its third-quarter report, achieving a total revenue of RMB155.875 billion in the first three quarters of 2023, a year-on-year increase of 7.31%. The net profit in Q3 reached RMB3.018 billion, a year-on-year increase of 15.37%, surpassing previous performance. Analysts predict that Luxshare Precision’s headset assembly business will lead the next wave of consumer electronics innovation, bringing potential and value to the XR industry chain. In addition, BYD Electronics, which expanded Apple’s product line through a major acquisition, achieved revenue of RMB35.96 billion in Q3, a year-on-year increase of 31%. BYD Electronics is expected to further increase profits in 2024, benefiting from the continued growth in Apple, automotive and household energy storage businesses.

Goldman Sachs recently raised Apple’s target price from $213 to $227 based on the belief that Apple’s Q4 earnings exceeded expectations. The iPhone’s historic high revenue in the Chinese market during this quarter contributed to the positive performance. Cook holds an optimistic outlook for the Chinese market and combined with the impressive performance of major supply chain companies in Q3, it is expected that Apple will bring new surprises to the market in 2024.