Thursday, February 9, 2023

Boston Metal announces $120 million Series C financing led by ArcelorMittal

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Boston Metal, a company developing tech to fully decarbonize steel production, closed $120m Series C led by multinational steel company, ArcelorMittal S.A. Microsoft's Climate Innovation Fund and SiteGround Capital also joined as new investors, alongside current investors. ArcelorMittal’s lead investment was made through its XCarb® Innovation Fund.

Dr. Carsten Hoff to succeed Martin Goetzeler as CEO at dSPACE group

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On April 17, Dr. Carsten Hoff will become the new CEO of the dSPACE group succeeding Martin Goetzeler, who is leaving at his own request. To ensure a smooth handover, Martin Goetzeler will continue to be available to the next CEO in an advisory capacity after April 17. Dr. Carsten Hoff is a highly experienced manager, who is ideally suited to the tasks ahead at dSPACE. He comes from a research and development-centric background with a degree in electrical engineering and a doctorate in computer science. Dr. Carsten Hoff has international management experience and is familiar with dSPACE and the company's products.

Carbios adds Delphine Denoizé and Martine Brisset to its executive team

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Carbios, a pioneer in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, has strengthened its leadership team with the appointment of Martine Brisset as Senior Vice President (SVP) as of 1st January 2023. Martine Brisset will manage the Biodegradation Division and supervise the Human Resources, Legal, Regulatory, Project Management, Quality Health and Safety departments. Martine Brisset joins the Group's Executive Committee, as does Delphine DENOIZÉ, who remains Innovation Programs Funding, Regulation and LCA Director with an expanding team.

Quantum computing predicted to hit commercial market in the next 5 years

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This whitepaper is based on a new online, cross-industry survey about quantum readiness along with investment data from TQI and other sources, collating responses from business leaders globally. This was done to understand their preparation and readiness for commercialised quantum computing.

Silicon Valley’s Cepton closes $100m investment from Koito Manufacturing

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Cepton, Inc. (Cepton), a Silicon Valley innovator and player in high performance lidar solutions, announced the completion of its previously announced $100m investment from its long-term automotive Tier 1 partner and shareholder, Koito Manufacturing Co., Ltd. (Koito). The Investment, in the form of convertible preferred stock, was approved at a meeting of Cepton stockholders on January 11, and is convertible, beginning on the first anniversary of the issue date, into shares of common stock at a conversion price of $2.585 per share.

Wisk Aero taps Dr. Brian Yutko to replace Gary Gysin as its CEO

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Wisk Aero, a Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying, four-seat air taxi in the US, has announced that Gary Gysin will be retiring from his position as Chief Executive Officer, and as a member of the Board, effective February 1, 2023. The company has selected Dr. Brian Yutko as its new CEO, effective February 1, 2023.

Life’s Good Award winners present tech solutions for a better future

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LG Electronics (LG) announced the final winner of its LIFE’S GOOD AWARD, supporting global innovators taking on challenges to help create a Better Life for All. The Grand Prix was awarded to Dot Inc. from South Korea. The jury ranked the final four teams after each of the teams pitched their innovative solutions in the award’s final round, held during the LIFE’S GOOD AWARD Conference at LG Sciencepark in Seoul, Korea, on January 16 2023.

H3 Dynamics and Hylium to bolster liquid hydrogen-electric capabilities

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H3 Dynamics and Hylium Industries have joined forces to boost the performance of zero emission hydrogen-electric flight, by combining the strengths of Hylium’s liquid hydrogen storage and liquification solutions, and H3 Dynamics’ distributed hydrogen-electric propulsion nacelles, ultra-light fuel cells, and new hydrogen drone refueling stations. Moving to liquid hydrogen represents a big capability leap for small electric-powered unmanned systems.

Fuel cell development firm EH Group announces innovation lab in India

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EH Group is expanding its footprint by establishing an Innovation Lab in India, based at the IITM Research Park. Recently established EH Group Systems Pvt Ltd, is aimed at accelerating the development of fuel cell products, primarily focusing on control systems software. It is led by Anand Vasappanavara, Principal Control/Automation engineer, who was vital in designing FC system control development programs at major OEMs before joining EH Group in 2019. He is supported by a pre-established team that have already been collaborating with us, as well as several additional hires, notably from the strong academic talent pool at IIT Madras. We expect our team to grow rapidly to meet the nascent market opportunity.

Carbios and Novozymes partner to secure leadership in PET biorecycling

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Carbios, a global pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastics and textiles, and Novozymes, the global player in biological solutions, have announced an exclusive long-term global strategic partnership. This agreement ensures the long-term production and supply of Carbios’ PET-degrading enzymes at an industrial scale for the world’s first biological PET-recycling plant due to start production in 2025 in Longlaville (France), as well as Carbios’ future licensee customers.