Connect with us

Technology

Dot Ai and Würth Industry North America Announce Exclusive Partnership to Deploy Dot Ai’s AI-Driven Tracking Solutions for the Manufacturing Industry

Published

on

LAS VEGAS and GREENWOOD, Ind., Nov. 14, 2024 /PRNewswire/ — SEE ID, Inc. doing business as Dot Ai (“Dot Ai”), a pioneering startup at the forefront of asset intelligence technology, and Würth Industry North America (WINA), a leading industrial distributor and division of the Würth Group, have announced the execution of a Partner Distribution agreement. This five-year agreement will bring advanced, AI-driven tracking solutions to WINA’s customers, offering unprecedented visibility into internal and customer premise operations. This provides Dot Ai’s exclusive partnership to serve the manufacturing vertical. The collaboration aims to accelerate order processes, enhance performance metrics, and optimize asset intelligence for WINA’s manufacturing and industrial clients.

Under this agreement, WINA customers will gain access to Dot Ai’s state-of-the-art track and trace technology, including the ZIM Bridge, Industrial Passive asset tag solution (which requires no battery), and a cloud-based, AI platform that continually optimizes processes. These innovations will be seamlessly integrated with WINA’s customized CPS® kanban inventory management solutions, providing real-time data and increasing responsiveness to changing demands, resulting in unprecedented supply chain metrics and security.

“Integrating Dot Ai’s advanced AI technology into our existing CPS® kanban inventory management solutions will enable us to bring a new level of efficiency and innovation to our customers,” said Daniel Schmidt, Senior Vice President at Würth Industry North America. “Würth Industry has a long history of bringing innovative inventory management solutions to our manufacturing customer base, and this partnership reinforces this commitment. This innovation not only provides customers with peace of mind knowing that their supply chain is secure, it prepares them for the next evolution of industrial technology.”

“Partnering exclusively with Würth Industry North America, a dominant industrial player, is a significant step in bringing our advanced tracking technology to the manufacturing sector,” said Dot Ai CEO Edmund Nabrotzky. “We look forward to supporting WINA and their customers to elevate their automation processes and increase their operational efficiency. Both Dot Ai and WINA are working at the forefront of the next generation of manufacturing technology and together will provide the context needed for human, environmental, safety, and social considerations to be integrated into supply chain strategies.”

Industry-Leading Innovations for Modern Manufacturing
The partnership emphasizes a commitment to advancing Industry 4.0 practices by harnessing the power of the Industrial Internet of Things (IIoT). By adding intelligent tracking technologies, WINA and Dot Ai will help customers improve forecasting accuracy, mitigate risks, and reduce or eliminate supply chain disruptions. With features such as real-time data insights and automated decision-making, the solution offers a significant leap forward toward Industry 5.0, where technology supports a more holistic approach to industrial processes.

Background Information on Dot Ai’s Business Combination Agreement with ShoulderUp
On March 18, 2024, Dot Ai and ShoulderUp Technology Acquisition Corp.entered into a business combination agreement that is expected to be completed in the second half of 2024, (the “Business Combination”), subject to regulatory approvals and other customary closing conditions. In connection with the closing, the resulting company is expected to be listed on Nasdaq under the ticker symbol “DAIC”.

About Dot Ai
At the heart of the technological revolution in asset management and security lies Dot Ai, a trailblazing SaaS service that is redefining the paradigms of asset intelligence, assurance, and safety. By harnessing the power of IoT tracking technology, Dot Ai stands at the forefront of innovation, offering patented solutions that are not just advanced but transformative. Through relentless research and development, Dot Ai has pioneered a suite of technologies that empower organizations to not only streamline their logistics and supply chain processes but also bolster operational security to unprecedented levels. Leveraging state-of-the-art AI engines, cutting-edge 5G RF and BLE technology, and seamless cloud integrations, Dot Ai transcends traditional boundaries, offering real-time asset visibility and predictive analytics that integrate effortlessly with existing infrastructure. This is not just technology; it’s a vision for a more secure, efficient, and connected world. Discover more about how Dot Ai is leading the charge in asset intelligence by visiting https://daic.ai.

About Würth Industry North America
Würth Industry North America (WINA) is a $1+ billion division of the Würth Group, the world’s largest industrial distributor and a privately held, family-owned business since 1945. WINA’s highly customized logistics solutions lower customers’ purchasing and operating costs, reduce storage footprint, and free up their teams to concentrate on their core business. To ensure that customers get the most out of their programs and products, WINA employs a team of over 2,200 individuals, many experts with decades of experience who provide reliable and knowledgeable customer support. WINA offers a comprehensive line of industrial and construction products and services. These include additive manufacturing, digital inventory, engineering assistance, quality control, inventory management, vending, safety supplies, kitting and assembly, structural fasteners, and MRO/industrial supplies. Customers throughout North America are serviced through WINA’s network of distribution centers across the U.S., Canada, Mexico, and Brazil. The company is the creator of the global series Würth Knowing, the industry’s first fastener education YouTube series. For more information on Würth Industry North America, visit wurthindustry.com.

Important Information About the Business Combination and Where to Find It

In connection with the Business Combination, CID Holdco, Inc. filed a Registration Statement on Form S-4 (File No.) (as may be amended from time to time, the (“Registration Statement”), that includes a preliminary proxy statement/prospectus. The proxy statement/prospectus will be sent to all ShoulderUp shareholders as of a record date to be determined by ShoulderUp for voting on the Business Combination. This press release does not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. CID Holdco, Inc., ShoulderUp and the Company may also file other documents with the SEC regarding the Business Combination. The stockholders of ShoulderUp and Dot Ai and other interested persons are advised to read the definitive proxy statement/prospectus and other documents filed in connection with the Business Combination, as these materials will contain important information about CID Holdco, Inc., ShoulderUp and Dot Ai and the Business Combination.

Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by ShoulderUp through the website maintained by the SEC at www.sec.gov or by directing a request to ShoulderUp to 125 Townpark Drive, Suite 300, Kennesaw, Georgia 30144 or via email at rashaun@shoulderup.com 

Participants in the Solicitation

CID Holdco, Inc., Dot Ai, ShoulderUp and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from ShoulderUp’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers, information regarding their interests in the Bbusiness Combination and their ownership of ShoulderUp’s securities are, or will be, contained in CID Holdco, Inc.’s and ShoulderUp’s filings with the SEC, and such information and names of Dot Ai’s directors and executive officers will also be in the Registration Statement to be filed with the SEC by CID Holdco, Inc., Dot Ai, and ShoulderUp, which will include the proxy statement of ShoulderUp. You may obtain free copies of these documents as described in the preceding paragraph.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, including the statements regarding the anticipated timing and benefits of the proposed transactions. All forward-looking statements are based on ShoulderUp’s current expectations and beliefs concerning future developments and their potential effects on ShoulderUp, Dot Ai or any successor entity thereof. Forward-looking statements are based on various assumptions, whether or not identified in this press release, and are subject to risks and uncertainties. These forward-looking statements are not intended to serve as a guarantee of future performance. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Business Combination Agreement by ShoulderUp’s shareholders, the satisfaction of the minimum trust account amount following any Redemptions by ShoulderUp’s public shareholders, (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (iii) the effect of the announcement or pendency of the transaction on Dot Ai’s business relationships, operating results and business generally, (iv) risks that the transaction disrupts current plans and operations of Dot Ai, (v) the outcome of any legal proceedings that may be instituted against Dot Ai or ShoulderUp related to the Business Combination Agreement or the proposed transaction, (vi) costs related to the transaction and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder Redemptions, (vii) the risk that Dot Ai and its current and future collaborators are unable to successfully develop and commercialize Dot Ai’s products or services, or experience significant delays in doing so, (viii) the risk that Dot Ai may need to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, and (ix) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the S-4 Registration Statement and proxy statement/prospectus discussed above and other documents filed or to be filed by ShoulderUp, Dot Ai and/or or any successor entity thereof from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ShoulderUp assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Non-Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of ShoulderUp, Dot Ai, or any successor entity thereof, nor shall there be any offer, solicitation, or sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

No Offer or Solicitation

This Current Report is for informational purposes only and does not constitute an offer or a solicitation of an offer to buy or sell securities, assets or the business described herein or a commitment to ShoulderUp, Dot Ai or the Company, nor is it a solicitation of any vote, consent or approval in any jurisdiction pursuant to or in connection with the proposed business combination or otherwise, nor shall there be any offer, sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dot-ai-and-wurth-industry-north-america-announce-exclusive-partnership-to-deploy-dot-ais-ai-driven-tracking-solutions-for-the-manufacturing-industry-302305691.html

SOURCE Würth Industry North America

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

AI-prop Delivers Japan-Quality AI Photo Enhancement in seconds for U.S. Real Estate Professionals

Published

on

By

SINGAPORE and TOKYO, Nov. 25, 2024 /PRNewswire/ — AI-prop, an innovative AI photo editing platform from Japan, is transforming U.S. real estate marketing by combining advanced AI technology with Japan’s famed precision and reliability. The platform empowers agents, brokers, and agencies to produce stunning visuals in seconds. With pricing starting at $1.20 per image or as low as $0.20 per image with a subscription, AI-prop ensures high-quality photo editing is both accessible and affordable. A free trial is also available for new users.

AI-prop’s core service includes AI-powered photo enhancements that optimize white balance, brightness, contrast, blue sky replacement, blurring of personal information, and composition. This automation delivers market-ready images instantly, helping real estate professionals save time while achieving professional results. Additionally, the platform offers an intuitive editor tool, allowing users to customize images to match their branding and style.

For more refined edits, AI-prop provides professional retouching services, combining the efficiency of AI with the craftsmanship of skilled editors. This feature caters to diverse needs, from enhancing interior shots to digitally staging properties, ensuring every photo is of magazine-quality standard.

“AI-prop is committed to delivering Japan-quality precision and innovation at a reasonable price to the U.S. real estate industry,” said Motohide Hashimoto, CEO of A-LEADS Group. “Our platform gives professionals the tools to create impactful listings quickly, helping them stand out in a competitive market.”

With its focus on affordability, efficiency, and versatility, AI-prop is reshaping property marketing. By providing solutions that captivate buyers and drive sales, the platform helps professionals make a lasting impression in an industry where first impressions are crucial.

For more information and to start your free trial, visit www.ai-prop.com or contact below AI-prop customer support cs@ai-prop.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-prop-delivers-japan-quality-ai-photo-enhancement-in-seconds-for-us-real-estate-professionals-302315216.html

SOURCE A-LEADS HOLDINGS PTE. LTD.

Continue Reading

Technology

Quicken Introduces Quicken LifeHub, a Smarter Way to Organize, Protect, and Share Life’s Essential Information

Published

on

By

An intelligent tool that guides you in organizing life’s important information so you and your loved ones are prepared for the big moments, the everyday moments, and everything in between 

MENLO PARK, Calif., Nov. 25, 2024 /PRNewswire/ — Quicken today unveiled Quicken LifeHub, an app designed to help you and your loved ones organize, protect, and share life’s essential information. From day-to-day household management to preparing for emergencies and end-of-life transitions, Quicken LifeHub gives you and your loved ones peace of mind by bringing together financial accounts, medical records, wills and trusts, passwords, and more. Designed by the maker of America’s best-selling personal finance software, Quicken LifeHub provides a simple and secure way for you and your loved ones to organize life’s most important information.

Many people don’t proactively prepare for life’s biggest challenges until it’s too late. In fact, only 30% of Americans have taken steps to safeguard their documents and information in preparation of an emergency or disaster, forcing them to react quickly – often making decisions without access to crucial information or directions from their loved ones. Quicken LifeHub helps you prepare for anything that might come your way – from natural disasters like tornadoes, hurricanes, and floods, to personal and family medical emergencies, to end-of-life preparedness.

“For over 40 years, our customers have trusted us as their partner in managing their finances – an aspect of their lives that is deeply personal and complex,” said Eric Dunn, CEO of Quicken. “Our customers inspired us to create Quicken LifeHub, a natural extension of Quicken that brings their financials together with medical records, estate plans, and more. Our goal is to give people confidence and peace of mind so that they’re prepared for all of life’s events – planned and unplanned.”

With Quicken LifeHub, you and your loved ones have access to a comprehensive and secure platform that can help you navigate a variety of events, such as:

Everyday Events: It can be a daunting task to keep track of essential documents and information. With Quicken LifeHub, you can save birth certificates, social security and ID cards, insurance information, passwords, and more in one place. In addition, you can sync your Quicken Simplifi or Quicken Classic account to automatically keep financial information up to date, including accounts, bills, and tax forms, ensuring you have a comprehensive snapshot of all financial information.

Medical Emergencies: When unexpected medical emergencies arise, it can be difficult to locate necessary information quickly, such as medication details or health records. Quicken LifeHub can store medical information ranging from prescriptions to insurance, and share this information with your loved ones in the event of a medical crisis.

Natural Disasters and Catastrophes: A hurricane, tornado, house fire, or other unexpected event is not only destructive on a large scale but can also lead to the loss of physical documents stored in a desk or file cabinet. Quicken LifeHub ensures your important documents are backed up digitally, and you can also store important information about material assets, such as real estate, vehicles, electronics, and artwork to ensure you’re always prepared for potential insurance claims.

End of Life Preparation: Following the death of a partner, parent, or loved one, family members are faced with navigating a vast amount of logistics and legalese, in addition to grief. With Quicken LifeHub, you can add instructions about funeral and burial plans, save details for obituaries, and store estate planning documents – including wills, trusts, powers of attorney, and more – to help make things easier for family members and executors.

With Quicken LifeHub, the household manager has control over what documents and details are shared with other account members. For example, a parent may share important medical and financial details with their children in the event of an emergency, but restrict access to other details. Another essential feature of Quicken LifeHub is the ability to designate information for “after I’m gone.” This ensures critical information is organized and accessible, so loved ones or trusted contacts can quickly step in, know exactly what needs to be done, and have the necessary details to manage important tasks and decisions.

“After my wife’s sister passed away, her son was left with the overwhelming task of managing her estate without any guidance,” said customer Mike Whittaker. “It dawned on us that if something happened to both of us, our sons would have no idea where to start with our finances, contacts, or estate planning information. But then I found Quicken LifeHub, which has allowed us to store all our estate details and assets in one place. This is a really good product, and I highly recommend it. There is a real need for this.”

With an easy-to-use interface, Quicken LifeHub is designed for life’s big moments, everyday moments, and everything in between. The app goes far beyond document storage, guiding you with step-by-step instructions through everything you need to plan for a wide range of scenarios from a lost wallet, to a new job, to evacuation orders. This experience is complemented by Quicken Assist, an AI-powered assistant that provides immediate and highly tailored responses to challenging questions about estate, emergency, or end-of-life planning.

Because privacy and security of personal data are of the utmost importance, Quicken LifeHub incorporates a number of bank-grade security safeguards, including robust 256-bit encryption and multi-factor authentication.

To learn more about Quicken LifeHub, including pricing, visit https://www.quicken.com/products/lifehub/.

About Quicken

Quicken is the best-selling personal finance software in the U.S. and was recently named to CNBC’s World’s Top Fintech Companies List for 2024. For over 40 years, more than 20 million customers have relied on Quicken to help them take control of their finances and lead healthier financial lives. Quicken’s award-winning suite of personal finance software and apps includes Quicken Simplifi (recognized by PCMag as the Editors’ Choice winner for personal finance apps), Quicken Classic Business & Personal, Quicken Classic Premier, and Quicken Classic Deluxe.

Learn more about Quicken here and follow us on Facebook, Instagram, and LinkedIn

View original content to download multimedia:https://www.prnewswire.com/news-releases/quicken-introduces-quicken-lifehub-a-smarter-way-to-organize-protect-and-share-lifes-essential-information-302314889.html

SOURCE Quicken

Continue Reading

Technology

At AAEP 2024, Agfa showcases SmartRotate™ for Equine, powered by artificial intelligence

Published

on

By

Specialized for veterinary care, SmartRotate™ for Equine automatically presents each image in the correct orientation, enhancing workflow efficiency

MORTSEL, Belgium, Nov. 25, 2024 /PRNewswire/ —

Visitors to AAEP 2024 can discover SmartRotate™ for Equine for the first time.AI-powered SmartRotate™ for Equine automatically delivers correct and consistent orientation of images.It transforms the equine imaging process with greater efficiency, accuracy and ease, ultimately enhancing care for equine patients.

At the 70th annual convention of the American Association of Equine Practitioners (AAEP), from 7-11 December 2024 in Orlando, Agfa will demonstrate how it has put over 100 years of experience in diagnostic imaging to work for equine vets. The result: dedicated solutions addressing the specific needs of equine care including SmartRotate™ for Equine.

Agfa will reveal this artificial intelligence-powered solution for the first time at the booth of Agfa’s dealer, Universal Imaging.

Smart solutions dedicated to equine vets

“With SmartRotate™, we don’t need an experienced technician to orient the detector. We can capture the image without worrying: ‘Do I need to flip the detector the other way for this leg or this view?’ This enables me to stay focused on the exam, rather than the detector position.

The time savings are significant, and I can be more hands-off with radiography, as the technicians can handle it all. Plus, we no longer need a dedicated person at the computer just to rotate the image. Finally, it is a huge help when working with horses, which rarely cooperate by holding still during imaging! Depending on the joint we are working on, we may have to turn the detector’s angle or position. With SmartRotate™ we automatically get the image in the right orientation,” explains David R. Celella, DVM, Owner of Rockwall Equine Center in Terrell, Texas.

“Agfa Radiology Solutions has a rich legacy of supporting human healthcare enterprises in the transition from analog to digital. Bringing that expertise to veterinary practices, we offer high-quality, dedicated solutions designed for the unique needs of equine care. Our proven range of solutions delivers excellence in equine imaging, backed by reliable support and service from our worldwide organization,” says Jeroen Spruyt, President of Agfa Radiology Solutions.

Discover the benefits of SmartRotate™ for Equine

As a typical equine X-ray examination can include up to 20 images, consistent positioning is critical but time-consuming. Using the power of AI, SmartRotate™ for Equine streamlines this process by automatically orienting each X-ray image correctly. The benefits are clear: faster workflow, enhanced consistency, reduced stress for the horse, and better mobile imaging.

Visit the Universal Imaging booth #561 at AAEP 2024 to learn how SmartRotate™ for Equine can enhance veterinary imaging process with greater efficiency, accuracy and ease.

View original content to download multimedia:https://www.prnewswire.com/news-releases/at-aaep-2024-agfa-showcases-smartrotate-for-equine-powered-by-artificial-intelligence-302314535.html

SOURCE AGFA US Corp.

Continue Reading

Trending