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Vancouver International Airport, General Fusion leverage local innovative solutions through B.C.’s Integrated Marketplace

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VANCOUVER, BC, July 10, 2024 /CNW/ – Three new projects have been funded through B.C.’s Integrated Marketplace program led by Innovate BC, two of which will seek to bolster operational capabilities at Vancouver International Airport (YVR) through drone-based runway monitoring and an enhanced paging communication system in the terminal, and the other will support the development of a state-of-the-art diagnostics component for General Fusion’s new Magnetized Target Fusion (MTF) machine, called Lawson Machine 26 (LM26).

“Creating innovative ideas and solutions that reduce emissions, improve competitiveness and support local companies is essential for creating a strong economy that moves British Columbians forward,” said Brenda Bailey, Minister of Jobs, Economic Development and Innovation. “I look forward to seeing the contributions these three projects will make to people in B.C. and globally.”

Created to help drive innovation in the province, the Integrated Marketplace links strategic partners operating at testbeds (an industry site, such as an airport, seaport, or mine, or a conceptual space such as a health network, a series of farms or a digital platform) and B.C.-based solution providers to implement, scale up, and export B.C. technology solutions. This framework allows B.C. industries to receive assistance in adopting innovation and new technologies while participating solution providers earn a critical reference customer to support their growth.

These three projects are part of the Integrated Marketplace’s Vancouver International Airport testbed, which includes YVR as well as select organizations such as General Fusion that operate in its vicinity.

“As a key partner in the Integrated Marketplace Initiative, YVR provides an ideal environment for local innovators and clean-tech companies to develop and implement made-in-B.C. solutions that work at our airport and can likely be applied to other airports and industries,” said Tamara Vrooman, President and CEO at Vancouver International Airport. “We are very proud to be a testbed for innovation and to see solutions from this collaboration advance B.C. business, improve our operation, and benefit our community and the economy that supports it.”  

Diagnostic Capabilities at General Fusion

General Fusion, which operates as part of the Vancouver International Airport testbed, is working with Victoria-based Motus Design Group to design an electronic component that will enhance the diagnostic system for LM26 – a fusion demonstration machine designed to achieve first-of-a-kind breakthroughs in 2025 and 2026 that will de-risk and fast-track the company’s path to commercialization.

Fusion is the ultimate clean energy solution – it is the energy source that powers the sun and stars. Fusion is the process by which two light nuclei merge to form a heavier one, producing a massive amount of energy. General Fusion’s two decades of technology development in B.C. and talented team of 140 employees in the province put commercial fusion within reach. The company aims to deliver zero-carbon energy to the grid by the early to mid-2030s with its proprietary MTF technology.

Under the project, a newly designed, first-of-a-kind component will enable General Fusion to quickly install diagnostics on LM26 and support the extraction and storage of data. When operational, the robust diagnostics system will provide thousands of data points used to improve the capabilities of the machine with each run.

Predictive Monitoring at Vancouver International Airport

Working with Victoria-based Niricson, YVR is exploring drone technology to assess the condition of its runways. Using drone technology will create efficiencies for the airport, as teams will have near real-time access to data that will help inform operations and maintenance decisions. Data will also be applied to a predictive model, whereby upcoming needs and considerations will be projected based on current state and defined logic for future planning.

Drone technology will also help reduce carbon emissions from the airport’s operations, as fleet vehicles will be required less for condition monitoring work. Additionally, its integration into operations and the associated data collected has the potential to inform the wider adoption of drone-based infrastructure condition assessments across other airports and industries. 

Mass Paging at Vancouver International Airport

YVR is working to enhance its mass paging, or PA, system in the terminal. With the support of Surrey-based Hybrid Audio Visual, YVR will improve sound quality, ensure precise troubleshooting with the thousands of speakers across the terminal, and increase customization of its paging system. For example, with the new paging interface, YVR will be able to isolate specific areas of the terminal for certain announcements while ensuring all announcements are clear and audible for the benefit of travellers and employees.

In additional to greater accessibility and reliability, the new mass paging system also uses new technology and equipment, with speakers switching to a low-power mode when not in use, which has the potential to provide energy savings of up to 40 per cent.

“The Integrated Marketplace connects some of the province’s most significant economic drivers to local innovation providers that have the ideas and expertise to evolve how our industries operate while supporting their efforts to decarbonize,” said Peter Cowan, President and CEO of Innovate BC. “This suite of projects perfectly represents what is possible through the program, and I am excited to see how both YVR and General Fusion can leverage these technologies towards greater efficiencies, output, and impact.”

These projects are part of the Government of B.C.’s investment of up to $11.5 million and the Government of Canada’s investment, through PacifiCan, of up to $9.9 million in the Integrated Marketplace. It follows the recent announcement of Prince Rupert Port Authority’s testing of zero and low-emission trucks through a project delivered via the Integrated Marketplace.

Additional Quotes

The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada

“PacifiCan knows that B.C. entrepreneurs are developing creative solutions needed around the world. The three projects announced today are part of the Vancouver International Airport testbed, and feature technologies that lower costs, reduce emissions and increase efficiencies. They are examples of how the Integrated Marketplace program is helping local companies prove their technologies here at home, before taking on the world.”

Greg Twinney, CEO, General Fusion

“On our groundbreaking path to commercial fusion energy, Innovate BC’s Integrated Marketplace program is an excellent opportunity to work with companies like Motus Design in our own backyard. We’re building world-changing fusion technology right here in B.C. and want to work with other local innovators along the way. From electronics hardware and engineering support to diagnostics and data analysis, we’re leveraging the unique capabilities of the thriving technology sector to deliver practical, clean fusion power in the next decade.”

Josh Erickson, CEO & Co-Founder, Motus Design Group

“Motus is excited to be deploying our digital optical converter technology at General Fusion.  The technology aims to improve the reliability and scalability of hundreds of channels of sensor systems needed to collect and manage data on General Fusion’s transformative LM26 fusion demonstration machine.  Better data helps General Fusion on its path to make British Columbia a leader in commercializing zero carbon energy through fusion.”

Harsh Rathod, Ph.D., CEO & Co-founder, Niricson

“We are excited to deploy our technology to enhance the condition assessment workflow of runways at YVR. The idea is to build the deterioration model with technology driven datasets, to go from reactive maintenance to predictive maintenance. Moreover, to help the asset owner, YVR operation team, to improve the efficiency of the entire inspection workflow (from manual to digital) to “flatten” the maintenance curve.”

Stu Wight, Co-Founder, Hybrid Audio Visual Inc.

“Working with YVR and Innovate BC has been a great opportunity for Hybrid AV. As a relatively new company this YVR project has allowed our company to design, install and service state of the art technologies in a world class facility. The benefits to the public and YVR will make a noticeable difference in intelligibility of announcements, reliability of the system and cost savings in operations. This system will undoubtably be showcased to airports around the world and bring YVR to the forefront in public announcement technologies.”

About Innovate BC

A Crown Agency of British Columbia, Innovate BC works to foster innovation across the province and bolster the growth of the local economy through delivering a wide range of programs that help companies start and scale, access talent and encourage technology development, commercialization, and adoption. Innovate BC also harnesses crucial data collection and research, and works to forge strategic industry and community partnerships that create more opportunities for B.C. innovators.

SOURCE Innovate BC

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2025 Consumer Texting Behavior Report: Consumers Demand SMS Notifications and Conversations

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Consumers embrace SMS Marketing like never before, with 86% opting in and expectations for instant, tailored communication soaring.

SAN FRANCISCO, Jan. 9, 2025 /PRNewswire/ — EZ Texting, the leading text marketing platform for businesses of all sizes, released the 2025 Consumer Texting Behavior Report today. Now in its fourth year, the report underscores a remarkable trend: with a staggering 98% open rate, SMS has evolved from a communication tool to the cornerstone of audience engagement, driving immediate and meaningful interactions.

EZ Texting’s 2025 Consumer Survey results reveal consumers embrace SMS marketing like never before, with 86% opting in.

“Consumers are clear about their preferences: they want businesses to communicate with them through SMS,” said Punit Shah, Co-Founder and Chief Marketing Officer. “From promotional offers to providing customer support, customers now prefer SMS for its speed, delivery, and convenience above all other forms of communication, including social and email. Businesses that react to this trend will find themselves with positive customer engagement, and those that don’t are at risk of missing customer needs. Texting is no longer just a nice-to-have, it is now a must-have communication channel.”

Consumers Expect Texting for Every Business Need

The 2025 report reveals growing consumer reliance on SMS for appointment reminders, promotional updates, and customer support. Among the most striking findings:

86% of consumers now opt in for business texts, a 20% increase since 2021.79% of consumers are more likely to purchase when subscribed, increasing 21% from 2024.52% of consumers text businesses more often, a 31% increase over 2023.

SMS Marketing Drives Action & Builds Loyalty

Consumers are increasingly turning to SMS as their go-to communication channel with brands. Highlights include:

71% of consumers subscribe to texts without needing a prior purchase.47% share feedback via SMS, rising from 35% in 2024.63% of consumers text more overall, with 52% texting businesses, compared to 31% last year.

Consumers Demand Speed & Personalization

Consumer expectations for responsiveness are higher than ever:

57% expect businesses to respond within 15 minutes.67% show increased interest in products after receiving a text, an increase of 21% from 2024.49% purchase more often after receiving a text, underscoring the power of timely communication.

Survey Methodology

EZ Texting conducted the 2025 Consumer Texting Behavior Report to analyze consumer attitudes and behaviors related to SMS marketing.

Survey Timeframe: Nov. 1–Nov. 15, 2024Participants: 1,074 qualified respondents with personal mobile phones

About EZ Texting
Since 2004, EZ Texting has provided 230,000+ growing businesses and organizations with an effortless way to start text marketing—and powerful features and integrations to keep conversations going.

CONTACT:
Marco Raye
Content Marketing Manager
Email: mraye@eztexting.com

Journalists & Media
pr@eztexting.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/2025-consumer-texting-behavior-report-consumers-demand-sms-notifications-and-conversations-302346459.html

SOURCE EZ Texting

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Kotak Life launches ‘Kavya’: AI-powered HR Assistant aimed at enhancing Employee Engagement and Experience

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MUMBAI, India, Jan. 9, 2025 /PRNewswire/ — Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) has unveiled Kavya, an advanced HR virtual assistant powered by generative AI, designed to enhance employee experience and engagement.

Kavya serves as a trusted companion to Kotak Life’s strong workforce, ensuring that employees are heard confidentially while fostering open communication and connection throughout their professional journey. By engaging in meaningful conversations, Kavya aims to support individual growth and strengthen Kotak Life’s commitment to creating a progressive and supportive work environment.

Ruchira Bhardwaja, Chief Human Resources Officer, Kotak Mahindra Life Insurance Limited, said, “Kavya marks a pivotal moment in our commitment to employee development and satisfaction. With this AI-powered solution, we’re not just modernising HR services – we’re building a more empathetic, accessible and responsive workplace where every employee feels valued and heard.”

Key Features of Kavya 

Confidentiality: Kavya ensures that all interactions and shared information are kept strictly confidential, prioritising employee privacy at all times.Dedicated Support: For new joiners to seasoned professionals, Kavya is there at every milestone in the journey at Kotak Life, offering assistance and guidance.Action: Employees can share feedback and concerns with Kavya, who actively works to implement meaningful changes.Open Communication: Kavya encourages employees to communicate freely, without hesitation, providing a judgment-free space for open dialogue.

About Kotak Mahindra Life Insurance Company Ltd.

Kotak Mahindra Life Insurance Company Limited (Kotak Life) is a 100% owned subsidiary of Kotak Mahindra Bank Limited (Kotak). Kotak Life provides world-class insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long term savings. Kotak Life is one of the fastest growing insurance companies in India with 322 branches across 152 cities and has covered more than 5 crore active lives as on 31st December 2024.

For further information, please contact:
Shazin Motorwala, 
Kotak Mahindra Life Insurance Company Ltd.,
+91 98332 40021, 
Shazin.Motorwala@kotak.com

Jimit Harde,
Kotak Mahindra Bank,
+91 99300 29645,
Jimit.Harde@kotak.com

Meenakshi Verma, 
The Good Edge,
+91 99875 68227, 
meenakshi@thegoodedge.com

 

View original content:https://www.prnewswire.com/in/news-releases/kotak-life-launches-kavya-ai-powered-hr-assistant-aimed-at-enhancing-employee-engagement-and-experience-302346904.html

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FusionIQ Celebrates a Breakthrough Year in 2024, Wins Trifecta of Industry Awards

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Wealthtech provider also appoints Sloan Shanahan as Chief Revenue Officer to drive further growth and innovation

WOBURN, Mass., Jan. 9, 2025 /PRNewswire/ — FusionIQ, a leader in the delivery of cloud-based wealth management solutions, announced today that it achieved significant milestones in 2024, further establishing itself as a key innovator in wealthtech. This marks a pivotal moment in the company’s mission to make digital wealth transformation easy for financial advisors and institutions.

From industry awards to new partnerships and thought leadership to significant product advances, FusionIQ has emerged as a leader in the democratization of wealth as financial advisors and institutions look to fintechs to keep pace with the rapid acceleration of digital transformation in financial services.

Among the Notable Achievements in 2024:

Pre-Integrated Platforms: Leveraging the power of the cloud-native FusionIQ One platform, FusionIQ launched a suite of pre-integrated platforms to make digital wealth transformation easy, fast, and cost-effective for financial advisors and institutions. These platforms included FIQ Journey, the first dual journey platform for financial institutions integrating hybrid digital advice and self-directed investing in a single seamless investor experience, and the groundbreaking FIQ Wallet, the first digital wealth management solution for wallet companies, a significant leap forward in the convergence of wealth management and payment.Strategic Partnerships: The company announced key partnerships with leading financial institutions, including groundbreaking collaborations with OnPoint Community Credit Union and Kinecta Federal Credit Union, expanding access to digital investment services for OnPoint’s 581,000-plus members in Oregon and Southwest Washington, and Kinecta’s more than 270,000 members in California, New York, New Jersey, and Florida.Recognition in Banking Innovation: FusionIQ set the standard for innovation among wealthtech providers in 2024, winning Best-as-a-Service Solution for Wealth Management at the prestigious 2024 Banking Tech Awards USA in May, Best Wealth Management Solution by Vendor (Overall) at the Global BankTech Awards 2024 in September, and Best Digital Solution Provider – WealthTech – Personalization and User Experience at the Banking Tech Awards 2024 in December.SOC 2 Type II Compliance: FusionIQ successfully achieved SOC 2 Type II compliance, demonstrating its commitment to cybersecurity leadership and reinforcing trust with its growing client base.Thought Leadership: On topics ranging from cybersecurity to digital transformation in wealth management, FusionIQ advanced industry knowledge by contributing to 20 thought leadership articles, op-eds, and industry roundtables, establishing the company as a trusted voice in wealth management innovation.

With these achievements, FusionIQ continues to redefine the wealth management experience for institutions and investors across the industry.

Strengthening the C-Suite For Future Growth

In the second half of the year, FusionIQ made strategic leadership appointments to drive its continued growth trajectory. Eric Noll was appointed Chief Executive Officer after successfully completing a significant new fundraising round in October. That same month, Pete Chiccino was named Chief Operating Officer.

In December, Sloan Shanahan joined the executive team as Chief Revenue Officer (CRO), bringing a wealth of expertise in strategic partnerships, sales enablement, and market expansion. Ms. Shanahan has a proven track record of building and leading high-performing teams across top-tier consulting and technology organizations. Her vision aligns perfectly with FusionIQ’s goal of scaling operations and delivering innovative solutions to empower financial institutions in a rapidly evolving digital landscape.

“I’m thrilled to join FusionIQ at this pivotal time,” she said. “The company’s dedication to redefining wealth management through innovation and collaboration is inspiring. I look forward to working with the team to drive measurable business outcomes and forge enduring partnerships across the industry.”

Looking Ahead to 2025

Building on its momentum, FusionIQ is poised to accelerate its growth trajectory in 2025. With its strengthened leadership team and proven track record of success, FusionIQ is well-positioned to lead the next wave of digital transformation in wealth management.

About FusionIQ

FusionIQ makes it easy for financial advisors and institutions to be digital wealth leaders. The cloud-native all-in-one FusionIQ One platform has four modules – Hybrid Digital Advice, Self-Directed Investing, Digital Marketplace, and finTAMP – making digital transformation hassle-free. FusionIQ One powers a range of easy-to-implement products, including FIQ Freedom, FIQ Journey, FIQ Market One, FIQ TAMP+, and FIQ Wallet, making it easy for credit unions, banks, broker-dealers, family offices, RIAs, wallet providers, and asset managers to scale, delivering the digital experience clients and advisors want and the seamless workflows and process automations they need for organic growth. With white-label integrations complete in as little as six weeks, it’s easy to see why FusionIQ One’s integrated multi-custodian platform is quickly becoming the digital solution of choice for advisors and institutions. To learn more, please visit: https://fusioniq.io

Media Contact
Elizabeth Shim
Haven Tower Group
424 317 4861
eshim@haventower.com 

 

View original content:https://www.prnewswire.com/news-releases/fusioniq-celebrates-a-breakthrough-year-in-2024-wins-trifecta-of-industry-awards-302345687.html

SOURCE FusionIQ

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