Connect with us

Technology

National Composites Centre (NCC) UK Partner with Plataine to Drive AI & IoT based Innovation

Published

on

This partnership marks a significant step forward and sets a new standard for efficiency, sustainability, and innovation in the composites industry.

LONDON, March 1, 2024 /PRNewswire-PRWeb/ — The National Composites Centre (NCC), a world leading research and development facility that provides access to state-of-the-art engineering capabilities and technology, has announced the next step in its partnership with Plataine, a leading provider of AI-based optimization solutions for advanced manufacturing. This collaboration marks a significant milestone in the NCC’s commitment to enhancing the efficiency and sustainability of composite material management through digital transformation.

“Our growing partnership with Plataine allows us to showcase and leverage expanding IOT, data science and AI technology, further developing the NCC’s commitment to be a digital exemplar and learning factory for the industry” Marc Funnell, Head of Digital Engineering Technologies at the NCC.

Established as the UK’s centre of excellence for composites research and development, the NCC’s mission is to spearhead collaborative innovation and evaluation of cutting-edge composites and integrated digital technology to deliver positive impact on the UK industry.

Plataine’s Time-Sensitive Material Manager (TSMM), combined with RFID sensors, offers a comprehensive solution to help achieve the NCC’s goals. Plataine enables real-time tracking of materials from the receiving step throughout the entire production process, ensuring optimal in-factory management and reporting of time-sensitive materials while minimizing material expiration and scrap. RFID antennas pick up signals from tagged composite material items and automatically update their status and location. When fully integrated with other NCC systems, the solution has the potential to fully digitize material management and tracking, employing AI based approaches to optimize selection for jobs based on properties, status and quality of material data to further reduce errors and waste, and enhance sustainability levels. In addition, real-time visibility of material location and status leads to efficient inventory management, enhanced quality control and compliance with the aerospace composites industry standards.

Looking forward, consistent monitoring and management of an asset or material across its entire lifecycle and across supply chains is critical for making optimal circularity decisions and performing life cycle analysis, a focus of the NCC’s combined digital and sustainability service. Plataine’s Digital Thread technology uses cloud-based technology that enables manufacturers to log the complete genealogy of a product, stretching across multiple sites and organizations, from raw material to finished part and could be a part of this developing system.

Marc Funnell, Head of Digital Engineering Technologies at the NCC, expressed enthusiasm about the partnership: “As one of our flagship digital transformation projects, our new time sensitive material tracking will enable us to produce parts more efficiently and with reduced material waste, while still upholding the highest quality standards. Our growing partnership with Plataine allows us to showcase and leverage expanding IOT, data science and AI technology, further developing the NCC’s commitment to be a digital exemplar and learning factory for the industry.”

Avner Ben-Bassat, President and CEO of Plataine said: “As we embark on this new phase of our partnership with NCC, we’re excited by the opportunity of playing a pivotal role in enhancing the sustainability and innovation of the NCC’s operations. Our collaboration aims to propel the NCC into the forefront of digitalization and automation within their manufacturing processes. By integrating our AI-driven solutions, we’re committed to significantly reducing material waste, thereby making a substantial positive impact on the environment. This venture is more than just a collaboration; it’s a commitment from Plataine to elevate the NCC to the status of a state-of-the-art standard for the entire UK industry. Through this long-term partnership, we aspire to showcase the imperative value of advanced technologies in making industries more efficient, responsible, and sustainable.”.

Plataine is exhibiting at JECWORLD 2024, March 5-7, Hall 5, Booth P74. Stop by our booth to learn how to increase sustainability and efficiency with AI solutions at your factory.

NCC is exhibiting at Hall 6, Booth T62.

About Plataine
Plataine is the leading provider of Industrial IoT and AI-based optimization solutions for advanced manufacturing. Plataine’s solutions provide intelligent, connected Digital Assistants for production floor management and staff, empowering manufacturers to make optimized decisions in real-time, every time. Plataine’s patent-protected technologies are used by leading manufacturers worldwide, including Airbus, IAI, Triumph, MRAS (an ST Engineering company), Alestis, Kineco-Kaman, IFS, Light & Strong, Kanfit and Ethan Allen. Plataine partners with SAP, Microsoft, Siemens PLM, the Advanced Manufacturing Research Centre (AMRC) with Boeing, and CTC GmbH (an Airbus Company), and is also a part of the UK National Composites Centre (NCC) membership network, to advance the ‘Factory of the Future’ worldwide. For this work, Plataine has received Frost & Sullivan’s 2021 Global Technology Innovation Leadership Award for its AI-Based Digital Assistants for Manufacturing, and Innovation Awards from the JEC. Plataine Received the SME 2021 Excellence in Composites Manufacturing Award and awards from CompositesUK organizations. Plataine is ISO 27001 certified for compliance with information security management requirements. For more information, visit: https://www.plataine.com.

About the National Composites Centre
The National Composites Centre (NCC) is a world leading UK research and development facility that provides access to state-of-the-art engineering capabilities and technology. Collaborating to address the most complex engineering challenges of our time, we accelerate the development of new products across advanced materials, digital engineering, sustainability and hydrogen. Delivering pioneering innovation to drive industrial transformation, NCC works across a diverse range of sectors to deliver benefits to the UK, investing in the talents of our current and future workforce.

Part of the High Value Manufacturing Catapult, it collaborates with innovators to SMEs, the supply chain and OEMs, providing businesses with a de-risked environment to design, develop, test and scale their ideas and get to market fast. For more information, visit: https://www.nccuk.com/.

Media Contact

Vicky Books, Plataine, 97237691149, vicky.books@plataine.com, https://www.plataine.com/

View original content to download multimedia:https://www.prweb.com/releases/national-composites-centre-ncc-uk-partner-with-plataine-to-drive-ai–iot-based-innovation-302075592.html

SOURCE Plataine

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Financial Trust Asset Management Named to PSN Top Guns List of Best Performing Strategies for Q2 2024

Published

on

By

Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies.

BOCA RATON, Fla., Sept. 19, 2024 /PRNewswire/ — Financial Trust Asset Management announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q2 2024. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

“PSN Top Guns award winners are honored for exceptional performance. Showcasing these strategies within a dedicated peer universe provides essential insight for advisors, institutions, plan sponsors, family offices and wealth managers interested in incorporating SMAs (Separately Managed Accounts) into their clients’ portfolios,” says Nick Williams, Product Manager of PSN at Zephyr. “It is because of this that this quarter marks the first time that PSN Top Guns is now openly accessible.”

Financial Trust Asset Management’s separate account strategies won 34 Top Guns awards from Informa Investment Solutions (PSN) for the 2nd Quarter 2024. Financial Trust had 13 strategies win 34 awards in 15 universe categories.

“Ongoing recognition by Informa PSN for the performance of our quantitatively driven investment strategies is something we are very proud of,” says Arno Mayer CFA CFP, Chief Investment Officer for Financial Trust.

Greg Vigrass, President & CEO for Financial Trust added, “continuing to be recognized in this way is a real honor, and recognition of our focused, disciplined investment approach.”

Through a combination of PSN’s proprietary performance screens, PSN Top Guns awards products in six proprietary categories in over 75 universes based on continued performance over time.

Financial Trust Asset Management’s following strategies earned a PSN Top Guns award for the 2nd quarter of 2024.

For a list of Financial Trust’s award winning strategies for Q2 2024, click here.

[1-Star Category:] had one of the top ten returns for the quarter in their respective strategy.

[2-Star Category:] had one of the top ten returns for the one-year period in their respective strategy.

[3-Star Category:] had one of the top ten returns for the three-year period in their respective strategy.

[4-Star Category:] had an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Moreover, the strategy’s returns exceeded the style benchmark for the three latest three-year rolling periods. The top ten returns for the latest three-year period then become the 4 Star Top Guns.

[Bull & Bear Masters:] had an r-squared of 0.80 or greater relative to the style benchmark for a three-year period. Moreover, the strategy had an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.

The complete list of PSN Top Guns and an overview of the methodology can be located at https://informaconnect.com/zephyr/psn-top-guns/.  

About Financial Trust Asset Management
Financial Trust Asset Management is an independently owned boutique investment management firm specializing in active and passive investment solutions for individual investors and investment professionals.

Our mission is to empower investors and investment professionals to achieve financial success through trusted relationships, expert guidance, and personalized solutions.

The firm’s highly disciplined, quantitative investment approach is characterized by a distinctive blend of fundamental bottom-up stock selection, top-down macro research and technical evaluation.

https://informaconnect.com/zephyr/psn-financial-sma-data/
For nearly four decades, https://informaconnect.com/zephyr/psn-financial-sma-data/ has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data Including Net and Gross-of-Fee Returns. PSN Mid-Year Outlook provides insight and trends about the SMA industry. You can view it online here.
Visit PSN online to learn more.

Disclosure: Past performance is not a guarantee of future results. Certain investments give rise to substantial risk and are not suitable for all investors. There is no guarantee that an investment with the referenced strategies will meet its investment goals and the rating many not be representative of any one client’s experience. Financial Trust Asset Management claims compliance with the Global Investment Performance Standards (GIPS®) and prepares performance data in compliance with GIPS standards and meets the requirements of the CFA Institute with regards to creating and reporting product composites. The ratings at PSN reflect the requirements of the GIPS standards published in the GIPS Handbook and are an average of all of the experiences of the manager’s client base. All material provided is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The investment performance figures submitted to PSN portray the history for all separately managed portfolios that meet the composite definition gross of fees. The information presented herein should not be considered as personalized investment advice nor construed as a solicitation to buy or sell any security or engage in a particular investment strategy. PSN and Informa Financial Intelligence have no affiliation with Financial Trust Asset Management, but rather evaluate investment managers’ performance on an objective basis. All other disclosures and fee schedules can be found in Financial Trust Asset Management’s Form ADV Part 2A which is available on our company website. Financial Trust Asset Management, Chartered is state- registered Investment Advisor. www.Financialtrust.net

Media Contact: Greg Vigrass
Financial Trust Asset Management                                            
gvigrass@financialtrust.net
(407) 492-0672

View original content to download multimedia:https://www.prnewswire.com/news-releases/financial-trust-asset-management-named-to-psn-top-guns-list-of-best-performing-strategies-for-q2-2024-302253505.html

SOURCE Financial Trust Asset Management

Continue Reading

Technology

Eonix Awarded Air Force Phase II STTR to Unlock Next-Gen Warfare with Scalable Ultra-High-Power Batteries

Published

on

By

Leveraging the ATLAS platform, Eonix will accelerate battery materials discovery focused on powering Directed Energy, C-sUAS, and e-VTOL systems

KNOXVILLE, Tenn., Sept. 19, 2024 /PRNewswire-PRWeb/ — Eonix, a pioneer in next-generation battery technology, has been selected by AFWERX for a PHASE II STTR contract with the University of Tennessee Tickle College of Engineering in the amount of $1.7M focused on ultra-high-power batteries for directed energy, counter drone swarms, and e-VTOL systems. The funds will be used to design high conductivity electrolytes that are drop-in compatible with batteries manufactured today and meet the ambitious DoD energy storage targets for next gen platforms.

The Eonix ATLAS materials discovery platform will design a next generation battery chemistry that improves power density, discharge rate, and operational temperature…thus powering the Air Force to respond to a rapid evolution of aerial threats.

“New technologies like Directed Energy, Counter Small Unmanned Aircraft (C-sUAS), and electric Vertical Take Off Landing (e-VTOL) Systems promise to transform modern air defense systems by offering cost-effective engagement, enhanced base resiliency, and advanced surveillance and attack capabilities,” said Eonix Founder Don Derosa. “Our ATLAS materials discovery platform will design a next generation battery chemistry that improves power density, discharge rate, and operational temperature…thus powering the Air Force to respond to a rapid evolution of aerial threats.”

Eonix is revolutionizing battery product development, leveraging their ATLAS platform which is 40x faster and 15x lower cost than traditional R&D methods. This groundbreaking platform, previously harnessed for projects backed by Army/DOE/NSF/Air Force, pairs real-time measurement of material behavior in batteries with quantum mechanics simulations to train AI models, significantly accelerating materials discovery. These models predict material performance and suggest novel material candidates, marking a significant leap forward in the quest for next-gen energy storage solutions.

The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and now on Eonix will start its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.

The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.

About Eonix

Eonix is designing next generation batteries decades ahead of most R&D cycles using the world’s first end-to-end automated materials discovery platform for energy storage. Eonix’s mission is to design market specific materials, decades ahead of their time, that are drop-in compatible with batteries manufactured today. This will enable affordable EVs, fast charging consumer electronics, safer energy storage for the warfighter, and a greener future. With funding from the Department of Defense, Department of Energy, and National Science foundation, Eonix has leveraged our ATLAS platform to design a non-flammable lithium ion battery. Learn more about our revolutionary process at www.eonixenergy.com

About AFRL

The Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit www.afresearchlab.com

About AFWERX

As the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 370 military, civilian and contractor personnel at five hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has executed over 6,200 new contracts worth more than $4.7 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: www.afwerx.com

Media Contact

Ryan Sommer, MaintainPR, 1 6462204256, ryan@maintainpr.com, https://www.maintainpr.com

View original content:https://www.prweb.com/releases/eonix-awarded-air-force-phase-ii-sttr-to-unlock-next-gen-warfare-with-scalable-ultra-high-power-batteries-302251654.html

SOURCE Eonix

Continue Reading

Technology

TI increases dividend 5%, marking 21 consecutive years of increases

Published

on

By

DALLAS, Sept. 19, 2024 /PRNewswire/ — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today said it will raise its quarterly cash dividend 5%, from $1.30 per share to $1.36, or $5.44 annualized. The higher dividend will be payable November 12, 2024, to stockholders of record on October 31, 2024, contingent upon formal declaration by the board of directors at its regular meeting in October.   

The increase is consistent with TI’s long-term objective for dividends by providing a sustainable and growing dividend and reflects the company’s continued commitment to return all free cash flow to its owners over time. Today’s announcement marks 21 consecutive years of dividend increases.

Notice regarding forward-looking statements

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or our management:

Economic, social and political conditions, and natural events in the countries in which we, our customers or our suppliers operate, including global trade policies;Market demand for semiconductors, particularly in the industrial and automotive markets, and customer demand that differs from forecasts;Our ability to compete in products and prices in an intensely competitive industry;Evolving cybersecurity and other threats relating to our information technology systems or those of our customers, suppliers and other third parties;Our ability to successfully implement and realize opportunities from strategic, business and organizational changes, or our ability to realize our expectations regarding the amount and timing of associated restructuring charges and cost savings;Our ability to develop, manufacture and market innovative products in a rapidly changing technological environment, our timely implementation of new manufacturing technologies and installation of manufacturing equipment, and our ability to realize expected returns on significant investments in manufacturing capacity;Availability and cost of key materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;Our ability to recruit and retain skilled personnel and effectively manage key employee succession;Product liability, warranty or other claims relating to our products, software, manufacturing, delivery, services, design or communications, or recalls by our customers for a product containing one of our parts;Compliance with or changes in the complex laws, rules and regulations to which we are or may become subject, or actions of enforcement authorities, that restrict our ability to operate our business or subject us to fines, penalties or other legal liability;Changes in tax law and accounting standards that impact the tax rate applicable to us, the jurisdictions in which profits are determined to be earned and taxed, adverse resolution of tax audits, increases in tariff rates, and the ability to realize deferred tax assets;Financial difficulties of our distributors or semiconductor distributors’ promotion of competing product lines to our detriment; or disputes with current or former distributors;Losses or curtailments of purchases from key customers or the timing and amount of customer inventory adjustments;Our ability to maintain or improve profit margins, including our ability to utilize our manufacturing facilities at sufficient levels to cover our fixed operating costs, in an intensely competitive and cyclical industry and changing regulatory environment;Our ability to maintain and enforce a strong intellectual property portfolio and maintain freedom of operation in all jurisdictions where we conduct business; or our exposure to infringement claims;Instability in the global credit and financial markets; andImpairments of our non-financial assets.

For a more detailed discussion of these factors, see the Risk factors discussion in Item 1A of TI’s most recent Form 10-K. The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. If we do update any forward-looking statement, you should not infer that we will make additional updates with respect to that statement or any other forward-looking statement.

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

TXN-G

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ti-increases-dividend-5-marking-21-consecutive-years-of-increases-302253481.html

SOURCE Texas Instruments Incorporated

Continue Reading

Trending