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Dover Adds to European Cryogenic Platform with Acquisition of SPS Cryogenics and Special Gas Systems

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DOWNERS GROVE, Ill., Aug. 12, 2024 /PRNewswire/ — Dover (NYSE: DOV) today announced that it has acquired SPS Cryogenics B.V. (“SPS”) and its affiliated business, Special Gas Systems (SGS) B.V. (“SGS”), located in Heerhugowaard, the Netherlands. SPS and SGS are now part of OPW’s Clean Energy Solutions business (“OPW CES”) within Dover’s Clean Energy & Fueling segment.

SPS and SGS design, manufacture, and supply vacuum-insulated piping systems for a wide variety of liquified gases like nitrogen, oxygen, carbon dioxide, and other industrial gases. SPS and SGS bring a complementary product offering and expanded European presence to OPW CES’s leading global cryogenic gas flow control platform.

“This acquisition represents a logical addition to our recent acquisition of Demaco supporting the OPW CES growth strategy, boosting our capabilities and diversifying our product portfolio to address the increasing global demand for clean energy,” stated Kevin Long, President of OPW. “The addition of SPS and SGS, along with the acquisitions of Demaco and Marshall Excelsior last month, expands our position in the cryogenic and industrial gas sectors, reinforcing our commitment to delivering cutting-edge technological solutions to our customers.”

About Dover:

Dover is a diversified global manufacturer and solutions provider with an annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of approximately 25,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Forward-Looking Statements:

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the anticipated effects of the transaction. All statements in this document other than statements of historical fact are statements that are, or could be deemed, “forward-looking” statements. Forward-looking statements are subject to numerous important risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control. Factors that could cause actual results to differ materially from current expectations include, among other things, general economic conditions and conditions in the particular markets in which we operate, changes in customer demand and capital spending, competitive factors and pricing pressures, our ability to develop and launch new products in a cost-effective manner, and our ability to realize synergies from newly acquired businesses. For details on the risks and uncertainties that could cause our results to differ materially from the forward-looking statements that may be contained herein, we refer you to the documents we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2023, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available from the SEC, and on our website, www.dovercorporation.com. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Contact:
Jack Dickens
Senior Director – Investor Relations
(630) 743-2566
jdickens@dovercorp.com

Media Contact:
Adrian Sakowicz
Vice President – Communications
(630) 743-5039
asakowicz@dovercorp.com

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SOURCE Dover

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LG INTRODUCES 2025 OLED EVO LINEUP WITH VIBRANT BRIGHTNESS AND AI-POWERED PERSONALIZATION

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LG’s New OLED evo Exemplifies Visual Perfection With Striking Brilliance and
Unrivaled Blacks, Along With AI Personalization for a Tailored User Experience

LAS VEGAS, Jan. 5, 2025 /PRNewswire/ — LG Electronics (LG) today unveiled its 2025 OLED evo lineup, highlighting a range of advanced TV offerings, including the world’s first true wireless OLED evo M5, and OLED evo G5 models. With LG’s latest α (Alpha) 11 AI processor Gen21 at its core, the latest OLED evo models present unparalleled OLED picture quality with impeccable blacks, exceptional brightness and advanced processing capabilities. Powered by AI-driven personalization, the LG OLED evo offers a customized experience tailored to each user and showcases the pinnacle of OLED innovation for an elevated home entertainment experience.

The latest OLED evo TVs feature LG’s upgraded Brightness Booster Ultimate technology, which enhances light control architecture and light-boosting algorithms to achieve brightness three times higher2 than conventional OLED models. This significant boost in brightness brings fine details into focus across different brightness levels, resulting in a more vibrant and lifelike viewing experience.

LG OLED evo refines every detail to perfection with flawless blacks, accurate color reproduction and stable performance. The latest models achieve top-notch black levels in both bright and dark settings, producing vibrant and accurate colors. These advanced OLED displays have received UL Solutions’ “Perfect Black”, “Perfect Color” verification and are certified by Intertek for 100 percent color fidelity. The 2025 OLED evo TVs also boast rapid brightness and color temperature stabilization, earning TÜV Rheinland’s “Quick Stability with Image Quality” certification.3 This ensures users experience exceptional picture quality immediately upon powering on the TV. 

New for 2025, LG’s latest OLED evo 4K TVs support Filmmaker Mode® with Ambient Light Compensation4 – an advanced version of Filmmaker Mode developed in collaboration with the creative community. This feature accurately detects the lighting conditions of the viewing environment and automatically adjusts the picture settings to maintain the filmmaker’s original intent, delivering a truly cinematic experience in various lighting conditions.

Elevating its reputation as the ultimate choice for gamers, the latest LG OLED evo TVs boast several features tailored to gaming, including the industry’s first 4K 165Hz5 Variable Refresh Rate (VRR), certified by NVIDIA® G-SYNC® and AMD FreeSync Premium. The OLED evo models enhance gaming with tear-free, stutter-free gameplay, minimal input lag and up to 165 frames per second. The OLED evo TVs are the first to receive ClearMR 10000 certification by VESA, ensuring flawless motion and seamless experiences even during fast-paced action sequences.

Powered by the advanced Alpha 11 AI Processor Gen2, the 2025 OLED evo models provide enhanced picture and sound quality. Deep learning algorithms meticulously analyze and refine low-resolution and low-quality images, enhancing them to a higher definition with pixel-level precision for natural and sharper visuals. Additionally, Dynamic Tone Mapping Professional offers expert-level control over HDR10 content for professional creators, allowing precise customization and fine-tuning of images for accurate color and detail representation in all viewing environments.

Complementing the impressive visuals, AI Sound Pro delivers rich, immersive audio with virtual 11.1.2 channels of surround sound, adjusting the tonal balance and clarity for an immersive, tailored listening experience. Designed with personalization in mind, LG’s newest OLED TVs boast AI-powered features that understand and adapt to individual audio and visual preferences. By analyzing over 1.6 billion image settings and 40 million sound profiles, the AI Picture/Sound Wizard tailors audio and visual modes for each user, ensuring a truly customized entertainment experience. These AI-driven features represent a new level of smart TV innovation, making the 2025 OLED evo models the most intuitive and user-centric TVs on the market.

The user experience is further elevated with a personalized journey that begins the moment the TV is powered on, courtesy of the AI Remote. AI Welcome greets users by name and provides tailored recommendations based on their preferences and viewing habits, while AI Voice ID adds convenience by recognizing individual voices, automatically switching profiles, and delivering content suggestions that match personal tastes. Finding content on LG’s newest OLED evo TVs has never been easier, with AI Search7 leveraging a Large Language Model (LLM) to understand conversational context and uncover subtle user intentions. Access to Microsoft Copilot further streamlines the process, allowing users to efficiently find and organize complex information using contextual cues. For an even smoother and more engaging experience, the AI Chatbot proactively identifies potential user challenges and offers timely, effective solutions. What’s more, the Generative Image Gallery8 allows users to create custom backgrounds using voice commands, adding a personal and creative touch to the viewing experience.

OLED evo’s user-friendly webOS interface provides a personalized and streamlined experience to access content and settings more easily. The new home screen is faster, more convenient and increasingly personalized with enhanced UI and categories. Additionally, webOS now supports multi-platform integration with the Home Hub, seamlessly connecting with multi ecosystems, ThinQ and Google Home, for control of various IoT devices. By bringing together these versatile ecosystems and broadening cross-platform capabilities, users can effortlessly manage and control their smart home ecosystem through a single, intuitive interface on their LG’s latest smart TVs. Extending benefits beyond the initial purchase, the webOS Re:New program allows LG Smart TV owners enjoy the most up-to-date TV experience for the next five years.

LG has presented the first-ever OLED TV capable of transferring audio and video wirelessly, transforming the home entertainment experience with unmatched audiovisual performance. As the world’s first true wireless OLED TV, the latest M5 series delivers wireless audio and video transmission at up to 144Hz6 without latency or loss in picture and sound quality. Certified by NVIDIA G-SYNC®, this wireless OLED TV ensures a tear-free, stutter-free gaming experience, even during fast-paced action at 4K 144Hz. Building on this innovation, LG has extended its advanced wireless audiovisual technology to QNED TVs, bringing its core value of technological excellence and cutting-edge innovation to more customers.

LG’s OLED evo models have been recognized for their customer value and performance improvement, earning multiple awards including the CES 2025 Best of Innovation Award (for 83G5 models) and the Honoree title (83M5 model) in the Video Display category.

Visitors to CES 2025 will have the opportunity to explore how LG is elevating the home entertainment experience with its latest innovations from January 7-10 at the company’s booth (#15004, Las Vegas Convention Center). To stay up to date with all of LG’s announcements at CES, visit the website and LG Global YouTube channel.

1 Equipped on G5 and M5 series
2 Applies to 65/55/77/83-inch G5/M5 models, compared to the same sizes of conventional OLED models (B5 series) with a 10% window
3 65-inch M5/G5/C5 series model has received this certification
4 This feature works on models equipped with a light sensor
5 4K 165Hz VRR is available on 55/65/77/83-inch G-series models.
6 Available in US and Korean market at the initial launch.
7 Available in US,,UK and Korean markets at the initial launch.
8 Wireless transmission refers to the transferring of video and audio signals between a TV screen and the Zero Connect Box. Visually lossless, based on internal test results with ISO/IEC 29170-2 and measurement results may vary depending on connection status.

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. For more information, visit www.LG.com.

Media Contacts:

LG Electronics USA

LG Electronics USA

Chris De Maria

Christin Rodriguez

christopher.demaria@lge.com 

christin.rodriguez@lge.com

LG-One

LGHEUS@LG-One.com

 

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SOURCE LG Electronics USA

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EcoFlow Debuts AI-Powered OASIS at CES 2025, Maximizing Energy Savings and Extreme Weather Prep

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EcoFlow also previews its residential energy systems customized for the U.S. market, and showcases its latest portable power stations and power banks

LAS VEGAS, Jan. 5, 2025 /PRNewswire/ — EcoFlow, a leading portable power and eco-friendly energy solutions company, unveiled EcoFlow OASIS at CES 2025, introducing homeowners to a revolutionary AI-powered energy solution designed to maximize home energy storage, prepare for weather-related power outages and reduce home electric bills.

EcoFlow OASIS harnesses artificial intelligence combined with real-time household and environmental data to maximize the benefits of EcoFlow’s wide range of portable and whole-home power devices. Factors like past energy usage, local electric rates, home solar energy generation and weather patterns help it provide personalized recommendations and automations. These can keep batteries charged ahead of severe weather, help users make smarter energy decisions and save money.

The built-in smart assistant intelligently responds to natural language queries like, “How can I maximize my solar energy usage today?” OASIS offers suggestions for optimized energy use and with the user’s permission, it can automatically put those recommendations into action. For example, it can run high-power appliances like air conditioners and washing machines on stored solar energy instead of grid power during peak pricing periods.

“As the first in the portable power industry to launch a user-focused mobile app, EcoFlow now leads again by integrating AI into a comprehensive energy management system,” said Peter Linghu, EcoFlow’s Director of Product Strategy and Development. “This year at CES, we’re showcasing the most advanced, integrated power solutions for portable and whole-home backup use. With OASIS, we empower our customers by putting control directly in their hands, demonstrating how cutting-edge technology can revolutionize everyday energy management.”

EcoFlow OASIS works with existing EcoFlow devices such as DELTA 3 Plus and RIVER 3 Plus, enabling select features like Storm Warning Alerts, Time-of-Use Mode, and Uninterrupted Power Supply. The full potential of OASIS’ smart energy management is experienced in the EcoFlow Whole-Home Power Backup Solutions, such as DELTA Pro Ultra with Smart Home Panel 2 system in North America. In Europe, the EcoFlow PowerOcean grid-tied residential energy system takes this concept even further.

EcoFlow will also launch a grid-tied, whole-home solar battery solution in the US later this year in a new product called EcoFlow OCEAN Pro, which will fully leverage OASIS’s advanced AI capabilities. Compatible with select EcoFlow power stations, OCEAN Pro offers increased energy capacity for improved power backup reliability and smarter utility bill savings.

OASIS integrates not only with EcoFlow’s products, but also with third-party devices compatible with Shelly and Matter, providing a unified view of energy sources like solar and grid power alongside real-time consumption insights—an industry first.

“With the increasingly capable systems we are introducing, EcoFlow OASIS simplifies home energy management, helping users maximize their energy investment,” Linghu said. “From charging your EV at the lowest cost to preparing for extreme weather, OASIS handles the guesswork. EcoFlow remains committed to delivering the ‘FIRST’ – flexible, innovative, reliable, simple, and thorough – power solutions.”

EcoFlow will also display at CES its full range of consumer products, including its third-gen portable power stations, integrated RV and camper van power solutions as well as its first ultra-portable solutions for mobile devices. These include:

Power Kit System: Expandable off-grid power solutions for RV and remote living, with an expandable capacity of up to 45kWh to power high-demand appliances like portable AC/heater units and refrigerators.

RAPID Series: EcoFlow’s first-ever magnetic power bank offers a built-in USB-C cable, phone stand and Qi2 15W wireless charging. It’s available in 5000mAh and 10000 mAh capacities to power devices, including phones, tablets, laptops, e-readers, ear pods and more.

Power Hat: A lightweight, outdoor-resistant solar-powered hat that charges up to two devices on-the-go with a dual USB-A/USB-C port.

Images and more information can be found in the EcoFlow media kit.

About EcoFlow:

EcoFlow is a leading provider of eco-friendly energy solutions, committed to powering a new world. Since its founding in 2017, EcoFlow has aimed to be the FIRST in power solutions — Flexible, Innovative, Reliable, Simple, and Thorough — for individuals and families, whether at home, outdoors or on the go. With a smart manufacturing center in China, and headquarters in the USA, Germany and Japan, EcoFlow has empowered over 4.5 million users in 140 markets worldwide. For more information, visit https://www.ecoflow.com/us.

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SOURCE EcoFlow Technology Inc.

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STRADVISION to Showcase Groundbreaking ADAS Innovations at CES 2025 featuring Texas Instruments technology

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Demonstration of the new TI TDA4VPE-Q1 automotive system-on-chip with STRADVISION’s production-ready SVNet 3D perception network for ADAS and autonomous driving

LAS VEGAS, Jan. 5, 2025 /PRNewswire/ — STRADVISION, a leader in deep learning-based vision perception technology is set to showcase their latest innovations featuring Texas Instruments (TI) processors at CES 2025. The collaboration highlights the integration of TI’s TDA4VPE-Q1 system-on-a-chip (SoC) for L2 domain controllers and STRADVISION’s SVNet 3D Perception Network, a production-ready, deep learning-powered solution that redefines ADAS and autonomous driving capabilities.

A Fusion of Cutting-Edge Technologies: SVNet 3D Perception Network based on the TDA4VPE-Q1 SoC

The TI TDA4VPE-Q1 automotive SoC, designed for multi-camera ADAS applications, integrates advanced sensor fusion, edge AI, graphics, and video co-processing. With 16 TOPS of AI performance, 4x Arm® Cortex®-A72 cores, optimized memory architecture, and a heterogeneous design, it delivers unparalleled efficiency while lowering system costs. This platform supports diverse imaging solutions, including Level 2 and Level 2+ ADAS, auto valet parking, 3D surround view, and more making it a versatile and cost-effective choice for next-generation automotive applications.

Paired with the TI TDA4VPE-Q1 SoC, the SVNet 3D Perception Network solution converts 2D camera data into precise 3D environmental maps, enabling vehicles to perceive their surroundings with exceptional clarity. Designed for adaptability, the SVNet platform supports high-level autonomous driving across various Operational Design Domains (ODD), including complex and challenging conditions.

Showcasing Innovation at CES 2025

At CES 2025, attendees can witness a live demonstration of the SVNet based on TDA4VPE-Q1 automotive SoC. The demo highlights its capabilities in enabling multi-camera inputs for advanced driver assistance systems (ADAS), such as Level 2+ highway driving, auto valet parking, 3D surround view, and memory-based automatic parking.

A Game-Changer for Automotive Applications

STRADVISION’s SVNet, integrated with the TDA4V-Mid Plus Eco SoC, empowers automotive OEMs to deliver scalable ADAS solutions. The SoC’s flexibility accommodates various image sensors and resolutions, supporting ADAS domain controllers, front cameras, surround views, and mirror replacement. This collaboration paves the way for innovation in automotive, robotics, and security systems.

“We are proud to collaborate with Texas Instruments to bring cost-effective yet powerful solutions to the automotive industry,” said Philip Vidal, CBO of STRADVISION. “The TDA4VPE-Q1 automotive SoC, paired with STRADVISION’s SVNet, exemplifies our shared vision for advancing ADAS technologies. With production-ready software development concluding in 2025 and a Start of Production (SoP) targeted for 2026, we are poised to meet the demands of an evolving market. This collaboration also underscores our commitment to global expansion, enabling us to address the rising demand for innovative and scalable solutions worldwide.”

“The TDA4VPE-Q1 automotive system-on-a-chip for L2 domain controllers with graphics, AI, and video co-processing embodies our vision of delivering high-performance, flexible, and efficient solutions for next-generation automotive applications,” said Mike Pienovi, product line manager at Texas Instruments. “Our collaboration with STRADVISION and their SVNet software demonstrates how technology can accelerate the move from 2D to 3D perception networks.”

Event Details: 

Date: January 7–10, 2025 Location: Westgate Hotel Hospitality Suite #2951, Las Vegas, Nevada 

For more information on STRADVISION and its industry-leading technologies, please visit STRADVISION

About STRADVISION 

Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION’s SVNet is being deployed on various vehicle models in partnership with OEMs; can power ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan’s 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2022 and 2021 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION and its software have achieved TISAX’s AL3 standard for information security management, as well as being certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety. 

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SOURCE StradVision

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