LG Energy Solution’s cylindrical batteries to power Bear Robotics’ service and logistics robots starting from next yearIn addition to exclusive battery supply agreement, companies will collaborate on technologyPartnership with Bear Robotics demonstrates LG Energy Solution’s commitment to expanding into new business areas, and its reputation for outstanding product safety

SEOUL, South Korea, Nov. 17, 2024 /PRNewswire/ — LG Energy Solution today announced that it has signed a Memorandum of Understanding (MoU) with Silicon Valley-based mobility innovator Bear Robotics to become its exclusive supplier of cylindrical battery cells. The two companies will also work together on technological innovation.

The MoU confirms LG Energy Solution as the sole supplier of cylindrical batteries (2170) for Bear Robotics’ flagship robots, such as Servi Plus and Carti 100, starting next year. The agreement also promises cooperation on new technologies and fostering a strong partnership to reinforce both parties’ competitive edge in the burgeoning global robot market.

Bear Robotics, founded in 2017 by CEO John Ha, is a leading AI-powered robotics company renowned for pioneering the world’s first autonomous serving robots. With operations spanning 20 countries, Bear Robotics continues to redefine automation in public and industrial spaces.

The partnership with Bear Robotics is a testament to LG Energy Solution’s outstanding reputation for product safety. With most service and logistics robots operating in high-traffic public spaces, an uncompromising level of safety is required to ensure the well-being of people and the smooth operation of these automated systems. As a leader in safe battery solutions, LG Energy Solution applies differentiated materials and technologies such as high-quality NCMA cathode materials and reinforced ceramic-coated separators.

As with its partnership with Bear Robotics, LG Energy Solution plans to actively pursue new and innovative opportunities in the global robotics market, as well as in other applications beyond electric vehicles. As announced in October with its corporate vision, “Empower Every Possibility,” LG Energy Solution aims to balance its business portfolio by expanding into new areas, particularly those with high growth potential, such as Urban Air Mobility (UAM), vessels and robotics.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

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SOURCE LG Energy Solution

New research highlights key workforce challenges of organisations in Singapore with the vast majority struggling to hire and retain employees 

SINGAPORE, Nov. 18, 2024 /PRNewswire/ — Visier, the globally recognized leader in workforce AI solutions, today announced new research that highlights persistent workforce challenges facing organisations in Singapore. The report identifies the six key factors shaping talent strategies, explores how people analytics can address workforce challenges, and examines the major obstacles hindering its full adoption for workforce transformation.

“The leaders we surveyed are locked in an ongoing battle to attract and retain talent, yet many feel poorly equipped to make informed decisions due to gaps in high-quality people data,” said Lee Boon Huat, SVP, strategy and growth, Asia Pacific, Visier. “Understanding their workforce in greater depth is essential to create an environment where employees want to stay, thrive and contribute meaningfully to the organisation’s success.”

Conducted as part of Visier’s study, ‘Navigating Workforce Challenges 2024 – Singapore Edition,’ the survey involved leaders from 100 organisations across Singapore. It explores how companies are using people analytics, the obstacles they face in building data-driven cultures and their efforts to address pressing workforce issues.

Key findings from Visier’s report:

Bridging the Talent Gap: A striking 72% of organisations in Singapore report difficulties with hiring, while 67% are experiencing high attrition—highlighting both the competitive nature of the market and evolving workforce expectations.

People Analytics Maturity: Although adoption is rising, nearly two-thirds of leaders cited the lack of high-quality data and analytical capabilities as significant barriers to achieving actionable workforce insights.

Employee Engagement: More than half of respondents rated low employee engagement as a critical challenge negatively impacting workforce productivity.

The research also found that few organisations are taking advantage of advanced analytics, employee engagement programs or career mobility initiatives to alleviate workforce challenges. Visier has partnered with People Matters to support HR leaders in Singapore as they confront these issues and redesign workforce strategies to succeed in a rapidly evolving environment.

“Navigating the complexities of workforce transformation requires not just advanced technology but a profound understanding of people analytics,” said Jerry Moses, senior manager, content and research, People Matters. “The insights from this study reinforce the importance of data-driven strategies in empowering organisations to overcome challenges and future-proof their workforce. It’s time for Singapore organisations to harness these insights to foster resilience, agility, and growth.”

To access the full report, visit visier.com.

About Visier

Visier gives organisations a Workforce AI Edge: a set of AI-powered capabilities that help leaders understand the relationship between people and work, elevate the productivity of their employees, and win by adapting to change faster. The company is the global leader in AI-powered people analytics, workforce planning, and compensation allocation. All Visier technology is underpinned by its Real-time People Data Platform, which uses AI to unlock the business-transforming potential of people data, work data, and the fusion of both. Founded in 2010 by the pioneers of business intelligence, Visier has over 60,000 customers in 75 countries—including enterprises like BASF, Panasonic, Experian, Amgen, eBay, Ford Motor Company, and more. To learn more about Visier, visit www.visier.com.

Media:
Walker Sands
VisierPR@walkersands.com

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SOURCE Visier

Top biopharma company selects the next generation of CRM for life sciences as its commercial foundation for future expansion and launches

SINGAPORE, Nov. 18, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that Boehringer Ingelheim is the latest global top 20 biopharma company to commit to moving to Veeva Vault CRM.

“We are excited to bring our innovative research to patients around the world with up to 25 new treatment launches by 2030. Veeva has been our global CRM standard for many years, and we are eager to build on our successful partnership and help shape the future of life sciences with a commitment to move to Veeva Vault CRM,” said Uday Bose, head of human pharma global customer experience excellence and business steering at Boehringer Ingelheim. “Our goal to deliver outstanding customer experiences is shared with Veeva and our continued collaboration promises to help transform commercial operations to accelerate launch processes and drive highly personalized engagement.”

Boehringer Ingelheim is seeking to expand on its existing Veeva Commercial Cloud solutions and its One Medicine and Amplify platforms, which connect development processes and data on Veeva Development Cloud.

“Boehringer Ingelheim has a forward-looking approach to unifying its technology and data landscape to rapidly deliver therapies that improve human and animal health,” said Tom Schwenger, president and chief customer officer at Veeva. “I am thrilled to see our long-standing partnership expand with their move to Veeva Vault CRM.”

Boehringer Ingelheim will join the opening keynote at Veeva Commercial Summit Europe, sharing how Vault CRM is a key enabler of future commercial agility, innovation, and differentiation.

Additional Information

For more on Veeva Vault CRM, visit: veeva.com/VaultCRM

About Veeva Systems

Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com.

Veeva Forward-looking Statements

This release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended July 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), and in our subsequent SEC filings, which you can access at sec.gov.

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