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Driver-Owned Ride-Hailing and Booking Platform Fare Co-op to Launch in North America on July 4th by Direct Global

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Fare Co-op empowers gig workers and drivers by providing them with alternative employment opportunities, skill development, and a stake in the local mobility market.

TORONTO, June 18, 2024 /PRNewswire/ — Based upon the transformative technological advancements, Direct Global is pleased to announce the launch of a visionary international cooperative with the foresight to adapt and thrive beyond the era of autonomous vehicles. This hybrid cooperative/corporate approach aims to create a fairer, more sustainable future by giving drivers a direct stake in the company.

“Powered by a groundbreaking driver-owned ride-hailing and taxi booking platform, Fare Co-op is set to transform the transportation industry with its innovative model offering ownership and equity to drivers,” explained Ahmed Attia, founder and CEO of Direct Global. This hybrid cooperative/corporate approach aims to create a fairer, more sustainable future by giving drivers equity in the company.

Fare Co-op brings its driver-centric model to major urban centers targeting taxis, black cars and other livery vehicles. In California, Fare Co-op will be launching fully to all drivers including ride-hailing.

Unlike traditional ride-hailing platforms, Fare Co-op is a multi-stakeholder federated cooperative prioritizing the interests of its member drivers, who gain a voice in shaping the platform’s future.

“As robo-taxis begin to navigate our streets, this cooperative stands as a beacon of sustainable innovation, ensuring that the march of progress leaves no one behind. It represents a collective commitment to a future where technology enhances human livelihoods rather than diminishes them, setting a new standard for how industries can evolve without forsaking their workforce,” said Edward Escobar, founder of the Alliance for Independent Workers and the #DriversUnite movement.

Fare Co-op’s model adapts to the evolving transportation landscape, especially the shift towards driverless vehicles. Fare Co-op is committed to helping drivers finance these vehicles through their equity in the co-op, ensuring they can continue earning, unlike other platforms that will throw their drivers to the curb in their move towards automation.

Fare Co-op distinguishes itself in a market dominated by Uber and Lyft by reducing rates by 20% compared to Uber, benefitting customers with lower fares while ensuring drivers receive 90% of the fare, promoting sustainable income for drivers.

For customers, Fare Co-op offers significant advantages. With rates 20% cheaper than Uber, passengers enjoy cost-effective rides with superior safety and customer service. By choosing Fare Co-op, customers support a driver-owned platform valuing fairness and sustainability.

The platform, launching in multiple languages (English, Spanish, French, Arabic, and German, with many more to be added), includes features such as a referral program, preferred driver requests, a fleet management portal, and an integrated wallet, among others. Safety is a top priority, with only verified drivers who pass rigorous background checks allowed on the platform. The platform employs advanced AI to learn to identify and address potential safety risks, ensuring the well-being of both drivers and customers. The platform also integrates emergency services and proactive safety features to maintain a secure environment for all users.

The equity structure was developed by the Fare Co-op team, including Ahmed Attia, founder and CEO of Direct Global, Nicholas Thadaney, former President CEO of the Toronto Stock Exchange, David Olsen, Chairman of the American Chamber of Commerce in Canada, Edward Escobar, founder of the Alliance for Independent Workers and #DriversUnite and current CEO of Local Driver Co-op Federation (Fare Co-op), Jeffrey Steiner, former President and CEO of the Toronto Economic Development Corporation, and Alessandro De La Torre, head of Social Media for the United Nations. This model is based on VISA’s multi-stakeholder federated cooperative model created by Dee Hock in 1967, which led to the largest IPO in U.S. history in 2008.

“By empowering drivers with ownership and equity, Fare Co-op aims to redefine the ride-hailing industry, fostering fairness and sustainability. As it launches in North America, investors, customers, and drivers can anticipate a revolutionary platform that truly prioritizes the needs of those who make it possible,” added Ahmed Attia.

Press Contact:

Danny Golnik
(416) 836-4455
http://www.fare.coop

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SOURCE Direct Global

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Cellid Announces the Release of “Cellid Precision Fit Lenses” for Next Generation AR Glasses with Diopter Correction

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TOKYO, April 7, 2025 /PRNewswire/ — Cellid Inc., a leading developer of AR display technology and spatial recognition engines, today announced the launch of “Cellid Precision Fit Lenses,” a new lens that meets the need for diopter correction functionality as the AR glasses market grows. These innovative lenses seamlessly integrate diopter correction with advanced light field control1, enhancing visual clarity and overall usability. By significantly improving image quality and comfort, Cellid Precision Fit Lenses mark a major step forward in making AR glasses more accessible and practical for everyday use.

It is estimated that more than half of the world’s population wear glasses2, and the ability to correct vision when using AR glasses is a key factor in their widespread adoption. Leveraging its proprietary optical simulation and production technologies, Cellid developed AR glasses lenses (waveguide method) that are as thin and light as ordinary glasses lenses while providing clear images. In response to customer requests and potential needs, Cellid has now engineered “Cellid Precision Fit Lenses” with a vision correction function that responds to customer requests and potential needs.

Key features of Cellid Precision Fit Lenses

Diopter correction function: Diopter adjustment allows you to see objects in the real world clearly for a more comfortable and immersive AR experience.Light field control function: Optimizes image clarity by dynamically adjusting the optical distance of AR images across usage scenariosEase of mounting on AR glasses: Particularly when paired with Cellid’s full-lamination AR glasses lenses, these lenses can be easily fitted to AR glasses at conventional optical shops.

The Light Field Control function allows the user to fine-tune the viewing distance of the AR image by selecting the appropriate lens to be worn. For example, in a worksite environment, if users need to perform close-range work while referring to AR image manuals or work videos, they can wear Cellid Precision Fit Lenses optimized for their specific working distance, ensuring that AR visuals align seamlessly with their real-world tasks. This customization enhances clarity, precision, and overall comfort, providing a comfortable AR-assisted work experience.

Technical issues in development and future development

The main components of AR glasses—the lens (waveguide) and the diopter correction lens—have a structural contradiction, as the former is flat while the latter is curved. Additionally, several challenges must be addressed to make diopter correction lenses suitable for AR glasses practical, such as the increased edge thickness when conventional spherical lenses are designed to meet required strength standards.

Cellid has developed its proprietary SCL technology (Small base Curved Lens technology) to address these issues, leading to the commercialization of Cellid Precision Fit Lenses. The company continues to refine its design and manufacturing processes and plans to begin providing samples of an improved, thinner model in late April this year.

Comments from Satoshi Shiraga, CEO, Cellid

The new “Cellid Precision Fit Lenses” will significantly enhance the practicality of AR glasses, making immersive AR experiences more accessible for everyday use. We believe that by enabling a wide range of people to use AR glasses on a daily basis, their use will accelerate in diverse fields, regardless of industry, including manufacturing, education, retail, and entertainment. We will continue to contribute to the expansion of the AR market by leveraging our strengths in AR glasses design and manufacturing technologies centered on WaveGuide, as well as software technologies such as spatial recognition, while working with partners with whom we can grow together.”

About Cellid

Cellid specializes in the development of advanced AR glass display modules, focusing on waveguides and spatial recognition engines for next-generation devices. Leveraging unique optical simulation and proprietary production technologies, Cellid has developed display modules as thin and lightweight as standard eyeglass lenses, delivering clear images and one of the world’s largest fields of view for waveguides. Additionally, Cellid offers industry-specific solutions powered by spatial recognition technologies such as Cellid SLAM. By integrating cutting-edge AR display hardware with real-world spatial recognition software, Cellid is driving the “Blending of Physical and Digital World,” making exceptional information tools more accessible, practical, and convenient for users worldwide.

1 Light Field Control Function: A function that adjusts the focus distance of the AR image plane by selecting and attaching a lens to the AR glasses that matches the desired distance, and matches it with the display distance, etc., using 3D parallax.

EyeWear Industry Statistics And Facts 2025, Overnight Glasses, February 18, 2025

 

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SOURCE Cellid, Inc.

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Raythink Elevates Grid Stability with AI-Powered Thermal Imaging Suite at MEE 2025

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YANTAI, China, April 7, 2025 /PRNewswire/ – Raythink Technology Co., Ltd. (“Raythink”), an innovator in the thermal imaging industry, is commanding attention at Middle East Energy 2025 (Booth C29, Hall 4) with its integrated thermal solutions spanning power generation to consumption.

As everyone knows, the wide application and continuous development of electric power is an important driving force for the progress of modern society, which directly affects our daily life and industrial production. Therefore, it is essential to ensure normal operation and efficient maintenance of the electric power system. Raythink, a wholly owned subsidiary of Raytron, has been deeply engaged in the electric power industry for many years and takes the responsibility to discover problems timely and accurately to avoid losses and accidents caused by power failures.

At MIDDLE EAST ENERGY 2025, Raythink demonstrated a full-scenario infrared thermal solution from power generation, transmission, substation to electricity consumption. Raythink’s wireless thermal camera for smart devices IX2 is thin and weighs only 130g. It can transmit images at a distance of up to 8 meters, featuring clear images and accurate temperature measurement. It attracted a lot of visitors due to its compact appearance. The RT400 series is equipped with the latest temperature measurement algorithm of Raythink, demonstrating the strong competitiveness. Famous industrial handheld temperature measurement products of Raythink, such as CX200Pro+, RM620, have also been presented. These products have different resolutions for different temperature measurement scenarios in the electric power industry. Online temperature measurement products with features such as fixed focus, zooming, and ultra-high temperature can be used together with handheld thermal cameras to provide comprehensive temperature measurement solutions for the electric power industry. They can achieve all-round joint temperature measurement inspection covering multiple scenarios and dimensions and guarantee production safety.

This time, Raythink has presented a series of innovative thermal camera products that provide comprehensive temperature measurement solutions for various fields and help the industry achieve safe production. Raythink hopes to play a leading role in the future as it always does and make greater contributions to the development of the electric power industry and the progress of society.

View original content:https://www.prnewswire.co.uk/news-releases/raythink-elevates-grid-stability-with-ai-powered-thermal-imaging-suite-at-mee-2025-302421532.html

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COPPER CHINA 2025 Returns to Shanghai: A Global Showcase of Copper Innovation and Industrial Synergy

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SHANGHAI, April 7, 2025 /PRNewswire/ — As the global demand for copper surges across booming sectors like new energy, 5G communications, and electric vehicles, the material’s exceptional electrical and thermal conductivity, along with its superior workability, continues to unlock new possibilities in high-end manufacturing, electronics, and sustainable technologies. Against this backdrop, COPPER CHINA 2025 is set to return in full force from July 9–11, 2025 at Shanghai New International Expo Center.

Hosted as part of the Shanghai International Industrial Materials Exhibition, this year’s edition will feature a comprehensive showcase spanning the entire copper value chain. With cutting-edge technologies, premium products, and deep industry insights all under one roof, COPPER CHINA 2025 offers an all-in-one platform for business matchmaking, technical exchange, and market trend analysis.

A Synergistic Showcase: Copper + Aluminium + Magnesium

This year’s exhibition forms part of a powerful materials mega-event, held alongside the ALUMINIUM CHINA and the Asia Automotive Lightweight Exhibition—with a new magnesium materials zone joining for the first time. This strategic cross-material synergy will allow attendees to explore the distinct advantages and evolving applications of copper, aluminium, and magnesium in one integrated showcase.

Leading Industry Players, Cutting-Edge Solutions

Dozens of renowned domestic and international copper processing enterprises will converge at COPPER CHINA 2025, including Jintian Copper, GD Copper, Libo Industrial, Jinchuan Group, Xingye Shengtai, Chinalco Luoyang Copper Processing, Kaian New Materials, Five-Star Copper, Xinyue New Materials, and many more. Exhibits will cover a wide spectrum—from next-gen copper-based materials and semi-finished products to processing equipment and auxiliary technologies—serving a range of sectors including EVs, energy storage, electronics, HVAC, cabling, machinery, and transportation.

Forum Spotlight: Unlocking Copper’s Value in Emerging Industries

A series of high-level forums and technical seminars will run concurrently with the exhibition, headlined by the Copper-based New Materials Innovative Application Forum. Industry experts will delve into forward-looking topics including copper’s vital role in renewable energy, the EV revolution, and nanotechnology innovation. Key sessions will also explore copper’s recyclability within the circular economy, along with its novel applications in smart cities, 5G networks, advanced lightweighting, power transmission, healthcare, and green buildings.

Innovation in Focus: The Future of Copper Applications

Another highlight of this year’s event is the Nonferrous Metals Innovation Display Zone, where copper will shine as a driving force of materials science. Breakthrough exhibits include:

High-conductivity copper for robotics, tactile sensors, and electric motorsFlexible copper films for wearable devices and e-skin applicationsCopper alloys enhancing millimeter-wave signal transmissionCopper cables powering wind, solar, and hydrogen energy infrastructureCopper-oxide superconductors hinting at a future of long-distance, high-efficiency power transmission

Visitors will have the opportunity to experience firsthand how copper is accelerating transitions in energy, digital technology, and life sciences.

Business Matchmaking: Targeted Connections, Real Opportunities

To meet buyers’ sourcing needs, COPPER CHINA 2025 will offer a dedicated business matchmaking service. Prior to the event, organizers will gather procurement requirements from copper buyers and match them on-site with suitable suppliers. These one-on-one, curated meetings streamline deal-making, facilitate in-depth discussions, and maximize cooperation potential—turning every encounter into a win-win opportunity.

Backed by the global network of RX, COPPER CHINA 2025 will welcome international associations, delegations, and buyers, creating opportunities for global collaboration. With a focus on sharing the latest global trends and driving international business growth, the event facilitates industry innovation and sustainability.

Free visitor registration is in full swing now!   Secure your complimentary badge by registering through the official website https://reed.infosalons.com.cn/reg/CUC25/registeren/login before July 1, 2025.

We warmly invite all professionals across the copper value chain to join us in Shanghai this July—connect with industry leaders, discover the latest technologies, and co-create a brighter future for copper and the industries it empowers.

Together, let’s energize the high-quality, sustainable future of the copper industry.

Please visit our official website at https://www.copperexpo.com.cn/en-gb.html or LinkedIn @Copper China.

Photo – https://mma.prnewswire.com/media/2657420/ANUO9930.jpg 

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