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SINOTRUK HOWO: 20 Years of Ingenious Journey

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JINAN, China, July 11, 2024 /PRNewswire/ — 20 years is enough time for an industry to undergo profound changes, and the heavy-duty truck industry is no exception. During the past two decades, many once brilliant heavy-duty truck brands have gradually faded away, disappearing into the currents of the market. However, amidst this widespread transformation, there are always some exceptions that can swim against the tide. HOWO, a brand of SINOTRUK, after being tempered by time, shines even more brightly.

Quantity equals justice. As the first single brand in the domestic truck industry to produce and sell over 2 million units, HOWO is rightly the “king of sales”. Overseas, the HOWO brand has made crucial contributions to SINOTRUK ‘s being the top exporter for consecutive years.

HOWO is more than just a name; it’s a legend.

HOWO’s 20 Years of “Endless Exploration” Yields Abundant Results

The birth of HOWO coincided with the heyday of China’s heavy-duty truck industry. From 2000 to 2002, China’s heavy-duty truck market experienced a three-year boom, characterized by rapid growth. It was against this backdrop that SINOTRUK quickly realized the need to seize this historic opportunity. As a result, the company set ambitious production and sales targets, aiming to achieve 35,000 units by 2004, 70,000 units by 2007, and 100,000 units by 2010.

After a year of meticulous construction, on October 28, 2004, the first HOWO truck rolled off the assembly line at SINOTRUK Jinan Heavy Truck Co., Ltd.’s new assembly line. From then on, China’s heavy-duty truck manufacturing technology began to align with international standards. From the domestically widest interior cabin, to domestically pioneering technologies approaching or reaching international standards such as engine combustion control and vehicle electrical circuit control, and further to the world’s largest single-stage reduction axle and China’s highest-level intelligent main control system, HOWO gained fame with numerous “firsts”, “leading”, and “original” innovations. It exceeded ten thousand units in its first year of production and sales, surpassed 20,000 units in 2006, accounting for one-third of SINOTRUK’s total annual sales, and began exporting in bulk overseas.

HOWO-7, upon its inception, became China’s most advanced heavy-duty truck. Subsequently, the launch of HOWO-A7 not only consolidated SINOTRUK’s years of technological accumulation and innovation but also became the pinnacle of domestic heavy-duty trucks, leading China’s heavy-duty truck industry towards advanced global standards. The HOWO TH7 not only features the globally unique worry-free automatic transmission but also, together with the HOWO MAX, is equipped with a 590-horsepower natural gas engine boasting a high thermal efficiency of up to 54.16%. This combination marks the beginning of the era of high-horsepower gas-powered vehicles. As the world’s first L4-level fully electric autonomous container truck, the HOWO T5G intelligent connected vehicle commenced trial operations at Tianjin Port, setting an industry record. Together with China’s I-generation intelligent truck HOWO T7H, which was launched 14 days later, they jointly heralded the arrival of the intelligent era for China’s domestic heavy-duty trucks.

Customer Trust Comes from Refined Craftsmanship

The shoulders of giants are not smooth. HOWO stands firm because it excels at introducing, absorbing, and making use of technological advancements, laying a smooth path on the shoulders of giants. In 2003, SINOTRUK introduced Volvo’s heavy-duty truck technology, giving birth to the HOWO series. The series mastered Volvo’s technological essence, with cabin safety meeting the world’s most stringent requirements. It innovatively introduced a four-point suspension system and world-class air suspension damping, achieving optimal shock absorption on any road conditions.

In 2009, SINOTRUK once again introduced foreign heavy-duty truck technology, this time from MAN in Germany. During the collaboration, SINOTRUK assimilated and absorbed the complete set of advanced technologies from MAN in engines, axles, and entire vehicles. The engines produced with MAN technology were 15 years ahead of the mainstream global standards at that time. At the same time, the collaborative products inherited HOWO’s adaptability to Chinese and developing countries’ operating conditions, as well as their high cost-effectiveness, laying the foundation for the implementation of advanced technologies.

In addition, SINOTRUK learned from MAN’s development approach, business processes, production techniques, management methods, and their commitment to excellence and diligent work ethic. At that time, many joint ventures and collaborations faced the issue of “discounting”: they could produce excellent prototype vehicles, but struggled to consistently meet standards during mass production. SINOTRUK and MAN realized that the key issues lay in management. Both parties placed high emphasis on production consistency, providing batch-by-batch technical training and support for every major component and assembly. Regarding quality, multiple “quality control checkpoints” were established, and each of SINOTRUK’s factories gradually implemented quality enhancement management concepts, striving to create high-quality collaborative products.

After three years of hard work, by the end of 2012, the HOWO T7H and HOWO T5G, equipped with MAN technology engines, single-stage reduction axles, and related assemblies, were unveiled. They were launched in early 2013 and became flagship products of SINOTRUK. In the harsh winter of 2015 for the heavy-duty truck market, sales of the HOWO T7H increased by 97.38% year-on-year, while the HOWO T5G saw an even higher increase of 130.23%.

From towering technological achievements to sweeping sales success, HOWO not only shouldered the heavy responsibility of SINOTRUK’s sales but also, with its international comprehensive capabilities, cured China’s heavy-duty truck industry of its “fear of heights” towards global giants. It accelerated the industry’s high-end transformation, ushering in a new chapter of “Made in China” replacing imports.

Truly Excellent Products Appreciated Worldwide

Elevating “Made in China” to world-class standards and showcasing “Made in China” to the world. Starting its overseas expansion in 2004, by 2023, SINOTRUK’s export volume of heavy-duty trucks has dominated half of the industry. Some may attribute the fact that half of the heavy-duty truck exports belongs to SINOTRUK to “first come, first served.” However, going global has never been a shortcut. Without sustainable advantages, it will eventually lead to a situation of “starting early but arriving late.” In the process of expanding its global presence, HOWO has earned high trust from overseas customers through its strength, innovation, and profound understanding of their needs.

In many overseas projects where Chinese companies outsource earthwork engineering, it was found that contractors often struggle to deliver on time. This is mainly due to low equipment utilization rates and inadequate service. However, HOWO, born from European technology and adapted through localized development according to local needs, has gained a reputation for reliability and minimal after-sales issues. It has become a cornerstone for many flagship projects and a synonym for “Chinese trucks.”

Building on this foundation, HOWO continues to make improvements according to local regulatory requirements and usage habits. In 2012, 2000 units of HOWO A7 trucks equipped with Euro V engines were exported to Brazil. This marked the first large-scale export of heavy-duty trucks from China meeting National (Euro) IV emission standards or higher. In June 2013, HOWO A7, independently innovated by SINOTRUK with full intellectual property rights, broke the monopoly of international heavy truck brands like Scania and entered Hong Kong, which historically enforces the strictest automotive fuel and exhaust emission standards. In 2017, HOWO achieved bulk exports to Ireland, signifying that HOWO, representing Chinese heavy-duty trucks, had passed comprehensive inspections in Europe, known as the “homeland of trucks.” With high technological standards, reliability, and consistent production quality, it reshaped the global perception of Chinese heavy-duty trucks and opened up limitless opportunities for future endeavors.

Looking back from the year 2024 to 2004, one can see that HOWO’s brilliant two decades of success were not accidental. Behind this success lies the mission of national heavy-duty trucks, an open-minded attitude towards win-win cooperation, and the commitment to “taking proactive action in all endeavors.” These are the origins of its journey so far and the confidence it has in shaping its future.

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3B Scientific Acquires Veterinary Simulator Industries

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HAMBURG, Germany, Sept. 23, 2024 /PRNewswire/ — 3B Scientific, a global leader in the manufacturing and marketing of medical and scientific educational products, announced today that it has acquired Veterinary Simulator Industries (VSI), a leading developer of veterinary simulation models.

Founded with a commitment to advancing veterinary education, VSI has developed a range of highly realistic and effective veterinary simulators that are redefining how veterinary training is delivered. With a focus on quality and innovation, VSI’s products provide a practical, hands-on approach to veterinary education, meeting the diverse needs of educators and students around the world. “Veterinary Simulator Industries is widely recognized for its outstanding veterinary training solutions, which perfectly complement our extensive range of educational tools. We are thrilled to welcome VSI into the 3B Scientific family. By combining our strengths in product development, manufacturing, and global distribution, we aim to set new standards in veterinary education, offering unparalleled resources to training institutions and professionals worldwide” commented Todd Murray, CEO of 3B Scientific.

David Jackson, Managing Director of Veterinary Simulator Industries, added: “Joining forces with 3B Scientific is an exciting step forward for VSI. The global reach of the 3B Scientific Group and commitment to innovation will enable us to further develop our product line and deliver even greater value to the veterinary education community. Together, we look forward to creating more advanced, realistic simulators and expanding access to high-quality training tools.”

About the 3B Scientific Group

3B Scientific, established in 1948 in Hamburg, Germany, is a global provider of state-of-the-art medical simulators and educational products for healthcare and veterinary training. With a presence in over 120 countries, the 3B Scientific Group continues to drive its mission of advancing the delivery of medical and veterinary education worldwide.

For more information about 3B Scientific, visit www.3bscientific.com.

About Veterinary Simulator Industries

Veterinary Simulator Industries (VSI) is a leading developer of high-quality veterinary simulators, designed to offer realistic, hands-on training experiences that enhance veterinary education and training. VSI’s products are trusted by educators and professionals globally for their realism and educational effectiveness.

To learn more about VSI, visit www.vetsimulators.com.

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Reticulate Micro Demonstrates First-ever Live Video Streaming over MUOS Network for a U.S. Army Special Operations Organization

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Demo Showcased VAST™Video Throughput, Augmenting MUOS SATCOM for Mobile Forces 

PALM BAY, Fla., Sept. 23, 2024 /PRNewswire/ — Reticulate Micro, Inc. announced it successfully demonstrated what the Company believes to be the first-ever real-time video streaming over the Mobile User Objective System (MUOS) tactical satellite network for a U.S. Special Operations organization.

The joint U.S. Army live training exercise included Reticulate and its partners, NanTenna, LLC, a leader in antenna technology innovation, and Curtiss-Wright, a trusted, proven leader in communications and processing systems for the tactical edge as well as other highly engineered products and services for the aerospace/defense industry.

The teams integrated Reticulate Micro’s VAST video encoder and Curtiss-Wright Defense Solutions’ PacStar® Modular Radio Center to deliver live video for the first time over unbonded but Type 1 encrypted MUOS narrowband channels. Despite the constrained bandwidth, the combined solution delivered minimal delay and clear picture quality, demonstrating the potential of live video over MUOS SATCOM systems.

“We demonstrated a complete point-to-point, real-time full-motion video session over MUOS in both static and on-the-move scenarios,” noted Brian Hawkins, principal architect, Reticulate Micro, who conducted the video at a U.S. Army site. “Overall reactions from the customer were extremely positive, with invites back for follow-on exercises.”

“We are proud of our team that executed this powerful demonstration,” said Joshua Cryer, president and CEO, Reticulate Micro. “Along with our partners, NanTenna and Curtiss-Wright, we continue to make history together with low-latency and high-quality voice and video.”

Thomas Larkin, president of NanTenna, considers the MUOS demonstration a huge leap forward in narrowband SATCOM capabilities. “As more and more users are allocated MUOS connectivity, it is imperative that we, as an industry, offer end-to-end solutions to maximize its utility value to the warfighter. This demonstrates that our existing technologies can provide high-quality, low-latency video, even in the most challenging environments,” he said.

“Curtiss-Wright is dedicated to developing small form factor rugged tactical communications solutions for the US DOD and our allies,” said Brian Perry, senior vice president and general manager, Curtiss-Wright Defense Solutions Division. “By pairing our PacStar® Modular Radio Center and Modular Data Center with components from defense industry-leading partners like Reticulate Micro and NanTenna, we are able to extend C2 networks with simultaneous voice, video, and mission data anywhere within the worldwide coverage area of MUOS.”

The latest demonstration follows a U.S. Army demonstration of VAST over UHF TACSAT in February, conducted in partnership with NanTenna. Input from this and other demos is guiding Reticulate’s product roadmap, as it looks to add new features and functionality to meet the U.S. military’s mobile comms requirements.

About Reticulate Micro, Inc. 

Reticulate Micro Inc. (“Reticulate Micro,” “Reticulate” or the “Company”) is a commercial and defense software technology company dedicated to delivering trusted and resilient communications at the network edge. Reticulate specializes in software-defined video compression and streaming solutions and agile, simplified device monitoring and management. Led by tactical communications veterans and satellite and software visionaries, Reticulate delivers resiliency and intelligence on the ground for the military, first responders, critical infrastructure, and enterprise users. We work with an ecosystem of channel and technology partners to bring the most powerful solutions to market across electronic warfare, tactical communications and streaming media technology.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements that are subject to various risks and uncertainties. In addition, our representatives or we may make forward-looking statements orally or in writing from time to time. We base these forward-looking statements on our expectations and projections about future events, which we derive from the available information. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical facts, particularly those that use terminology such as “intends,” “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms.

Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement filed with the U.S. Securities and Exchange Commission on July 31, 2024. Forward-looking statements speak only as of the date of the document in which they are contained, and the Company does not undertake any duty to update any forward-looking statements except as may be required by law.

All trademarks, trade names, product names, or logos mentioned or used are the property of their respective owners.

Contact:

Media:
Reticulate Micro Media Relations
media@reticulate.io

Investor Relations:
Reticulate Micro Investor Relations
ir@reticulate.io

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SOURCE Reticulate Micro, Inc.

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SeatBoost Secures Investment from International Airlines Group

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LOS ANGELES, Sept. 23, 2024 /PRNewswire/ — SeatBoost, a startup that is transforming the air travel experience through dynamic seat upgrade solutions, is pleased to announce an investment from International Airlines Group (IAG). This funding marks an important milestone in SeatBoost’s mission to bring joy to travelers’ experiences while generating incremental non-dilutive revenue for partner airlines.

SeatBoost’s platform facilitates live auctions on mobile in the airport environment, offering passengers the chance to bid for premium seat inventory made available by the airlines. The platform not only provides passengers with a unique engaging experience, but it also generates incremental non-dilutive revenue on seat inventory that would otherwise spoil. Current partners include IAG portfolio brand Iberia, TAP Air Portugal, Condor, Avianca and LATAM. With support from IAG through its corporate venture capital arm, SeatBoost plans to expand its capabilities and further improve the travel experience for passengers around the world.

Kevin Stamler, CEO of SeatBoost, shared his thoughts on the investment: “We’re excited to partner with IAG at this important stage in our journey. This collaboration not only supports our vision but also helps us accelerate our growth and innovation. Our aim is to enhance data-driven insights to create personalized experiences for travelers while maximizing revenue for airlines. The investment from IAG validates our business model and underscores the potential of SeatBoost and the positive impact we can achieve together in the travel industry.”

Raza Ali, IAG’s Vice President – Innovation, commented, “Innovation is a core function at IAG, and through innovation we can deliver better customer experiences, more efficient operations, more sustainable aviation and a better-performing business overall. That’s why we think the creative approach of SeatBoost to unlock meaningful revenue from new sources of demand is aligned with our view.”

The partnership with IAG will enable SeatBoost to leverage technology and innovation, improving its current offerings and paving the way for additional solutions that prioritize customer needs and operational efficiency. As SeatBoost expands, it remains committed to setting high standards in the travel sector, ensuring passengers enjoy a seamless, personalized airport and flying experience.

About SeatBoost
SeatBoost is a travel technology startup dedicated to enhancing simultaneously the air travel experience and airline profitability through innovation. Our highly scalable and highly configurable platform is built to leverage the outcome-efficient revenue generating capability of auctions through interactive user engagement.

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About International Airlines Group (IAG)
International Airlines Group (IAG) is one of the world’s largest airline groups with 585 aircrafts flying to over 250 destinations and carrying more than 115 million passengers in 2023. The Group was created in 2011 and includes the airlines British Airways, Iberia, Aer Lingus, Vueling and LEVEL, and IAG Loyalty and IAG Cargo. It is a Spanish-registered company with its corporate office in London, United Kingdom. Its shares are listed on the London Stock Exchange and on the Spanish stock markets.

IAG’s vision is to be the leading airline group in sustainability. The group is proud to have been listed on the Carbon Disclosure Project’s A List for its commitment to sustainability and action on climate change.

Media contact
Marianna D’Amore
media@seatboost.com

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SOURCE SeatBoost, Inc.

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