Carlislie’s new manufacturing facility to expand production of energy-efficient insulation products

Partnerships
Panasonic and Xiaomi join forces to conquer China’s growing air conditioner market
Panasonic’s manufacturing skills and Xiaomi’s unique technology will be combined in this collaboration. The companies intend to add cutting-edge amenities such as purifying air conditioners and internet connectivity. Read More>>
Infineon and Kontrol team for machine-readable autonomous vehicle safety
Infineon Technologies is working with Kontrol to automate safety in autonomous vehicles, tackling legislative requirements and market challenges. The collaboration’s goal is to create a safe and cost-effective solution to license autonomous driving in public transportation while adhering to legal requirements and conventions. Read More>>

Deals
Baker Hughes wins gas technology contract for Brazil-bound FPSO
Modec has granted Baker Hughes a substantial contract to supply combined gas technology equipment for Equinor’s BM-C-33 FPSO development off the coast of Brazil. The deal comprises turbomachinery for a combined cycle power generation solution, which will reduce carbon emissions by more than 20%. Read More>>
Alstom to build Vande Bharat sleeper EMUs
Alstom is the preferred bidder for Indian Railways’ contract to deliver and maintain 100 Vande Bharat 4.0 sleeper trainsets. The contract is worth INR 130 Billion (US$ 1.5 Bn) upon delivery, with an extra INR 170 Bn (US$ 2.07 Bn) for maintenance over 35 years. Read More>>

Centre Setup and Expansion
Carlisle Construction Materials opens a new facility in Southern Missouri
Carlisle Construction Materials has committed US$ 100 Mn to the new 500,000-square-foot production and manufacturing facility. The plant strives for LEED Platinum certification and will employ 100 people. Read More>>

Merger and Acquisition
Intellihub acquires Influx Innovative New Zealand metering and data solutions business
Customers of Influx will benefit from Intellihub’s innovative metering technology and investment support as a result of the acquisition. In New Zealand, Influx administers over 125,000 smart and traditional Installation Control Points for major electricity suppliers. Read More>>

Executive Movements
Ingersoll Rand names Matt Emmerich as CIO
Matt Emmerich has been named Senior Vice President and Chief Information Officer of Ingersoll Rand. Emmerich will manage the company’s worldwide IT strategy, digital transformation, and innovation efforts, bringing substantial experience in IT leadership and digital innovation. Read More>>
Cesar Gueikian named permanent CEO at Gibson Brands
Cesar Gueikian formerly served as brand president and has been instrumental in the instrument maker’s recovery since arriving in 2018. Gueikian brings to his new position both professional experience and personal love of music and Gibson guitars. Read More>>

Product Launch
Mobile Mini UK launched a new LPG generator
When compared to conventional generator options, the eco-friendly generator is meant to significantly lower carbon footprints by up to 90%. It adds to Mobile Mini’s already ecologically conscientious product line. Read More>>
Garmin launches new adventure smartwatches with solar charging in India
Garmin has introduced the Fenix 7 Pro and Epix Pro line smartwatches in India, aimed at adventurers and sportsmen. The smartwatches include LED torches, AMOLED displays, and solar charging capabilities, as well as enhanced training and health monitoring functions. Read More>>

Financial and Market Activity
Voxx International Corporation reports its fiscal 2024 first-quarter financial results
Voxx International Corporation’s net sales during the first quarter of fiscal 2024 were down 13.1% from the previous year. To attain profitability, the corporation anticipates weak global economic conditions and is pursuing cost-cutting initiatives. Read More>>

• The Internet of Things (IoT), Big Data, and Artificial Intelligence (AI) have contributed to the expansion of the Commodity Trading, Transaction, and Risk Management (CTRM) software market. 
• The Energy sectors use ETRM systems to achieve a variety of objectives, including regulatory compliance, a reduction in risk coverage, and an acceleration of trading activities. 
• The key players are interested in providing ETRM and CTRM solutions that assist organizations in managing their commodity and energy trading activities, optimizing operations, mitigating risks, and making informed decisions in dynamic market environments. 
• The Commodity Futures Trading Commission (CFTC) performs a vital role in ensuring the fairness, transparency, and stability of the United States’ commodity futures, options, and swaps markets. 
• Diverse regulatory agencies in Canada ensure that commodity merchants and market participants are abreast of the most recent regulations to promote honest and open trading practices.

Startup Spotlight

Company – Syrius Robotics
Total Funding – USD 38.55 Mn
About: Syrius Robotics will empower the autonomous mobile robot ecosystem with its operational system, software platform, and AIoT technologies. It provides versatile automation solutions to leading e-commerce, retail, and logistics organizations in fulfillment centers and warehouses. Read more>>

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