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Quantum Ecosystem Builders Distriq and Québec Quantique Among New Québec-based Organizations to Join the QIC Community

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SHERBROOKE, QC, July 3, 2024 /CNW/ – Quantum Industry Canada (QIC), the national consortium dedicated to advancing the country’s quantum technology sector, is pleased to announce the addition of six new Québec-based members and affiliates to its growing community. These new additions represent a range of organizations across the quantum value chain, emphasizing Québec’s status as a major Canadian and global centre for quantum technology innovation. Notably, DistriQ, the Quantum Innovation Zone of Sherbrooke, and Québec Quantique are the first of Canada’s major regional quantum innovation ecosystem accelerators to join the QIC community.

The Government of Québec has invested significantly in building the province’s quantum technology ecosystem, with strategic investments aiming to enable homegrown quantum innovators to flourish and to attract foreign investment, international companies, and top-tier talent to Québec’s burgeoning quantum sector. 

The following Québec-based organizations are the latest to join QIC’s expanding network:

DistriQ, the Quantum Innovation Zone of Sherbrooke and Québec Quantique form a quantum innovation ecosystem accelerator headquartered in Sherbrooke and Montréal that connects and integrates collaborative initiatives among researchers, companies, facilities, and investors in the province of Québec.Qubic Technologies is a Sherbrooke-based quantum hardware startup developing the next generation of advanced microwave remote sensing systems.Exaion, a Montréal-based subsidiary of France’s EDF Group, supports the responsible acceleration of data processing, ensuring its security, and facilitating access and control for users.Numana is a macro-accelerator for emerging technologies in Québec and is currently working to deploy and provide access to the Kirq quantum communications testbed.QV Studio is the first canadian startup studio headquartered in Sherbrooke dedicated to creating and de-risking companies working in quantum technologies.

“With a full spectrum of assets and capabilities spanning the entire quantum technology value chain, Québec is uniquely positioned to drive quantum innovation from fundamental concepts to delivering commercial value,” said Lisa Lambert, QIC’s CEO. “Québec’s quantum investments are already making significant strides, and we are excited to collaborate with and support these new additions to the QIC community, as well as quantum innovators across the province, in making a global impact and enhancing prosperity in Canada.” 

Quantum Industry Canada now represents almost 60 quantum technology and allied organizations among its members and affiliates, underscoring the consortium’s pivotal role in uniting and propelling Canada’s quantum industry forward. Quantum sector companies and organizations supporting Canada’s quantum ecosystem are invited to explore the benefits of QIC membership and affiliate opportunities and apply to join the national consortium here.

QUOTES

 “Joining Quantum Industry Canada marks a strategic milestone for DistriQ, the Quantum Innovation Zone of Sherbrooke. Through our integration into this influential network, we secure direct engagement with pivotal figures in the quantum technology domain. This partnership fuels our capacity to amplify the value we provide to our ecosystem. Together, our endeavors will propel the development of pioneering solutions, fortifying Québec’s stance in the worldwide quantum landscape.” 
— Martin Enault, CEO, DistriQ, the Quantum Innovation Zone of Sherbrooke

“Joining Quantum Industry Canada represents a pivotal step for Québec Quantique in fostering innovation and collaboration within the national quantum technology ecosystem. This partnership will accelerate our mission to position Québec and Canada as a global leader.”
— Olivier Gagnon-Gordillo, Executive Director, Québec Quantique

“Qubic Technologies has been on an incredible journey to bring advanced microwave remote sensing systems from concept to market. Our addition to Quantum Industry Canada marks a key moment in this journey. The future of quantum technology depends not only on groundbreaking innovations but also on the robust support networks that foster collaboration and growth. Being part of this distinguished community will amplify our efforts and accelerate the practical application of our technologies. Together with QIC and its members, we are poised to push the boundaries of what’s possible and solidify Québec and Canada as beacons of quantum advancement on the global stage.”
— Jérôme Bourassa, CEO, Qubic Technologies

 “Joining Quantum Industry Canada represents a strategic step for Exaion as we align with Canada’s leading quantum technology pioneers. This collaboration allows us to tap into a rich ecosystem of quantum innovation, enhancing our capabilities in hybrid quantum computing. By integrating with QIC, we are actively pushing the frontiers of quantum advancements, helping drive new solutions for sustainability and efficiency that will benefit industries worldwide.”
— Fatih Balyeli, CEO and Co-founder, Exaion

“As the instigator of Canada’s very first open test bed for quantum communication, it was an obvious choice for Numana to join forces with Quantum Industry Canada in order to foster new collaborations around our project and contribute to the development of the industry.'”
— Jacques McNeill, Coordinator, Kirq Quantum Communication Test Bed, Numana

“QV Studio is one of the very first venture studios specifically creating and de-risking quantum startups in the world. The initiatives driven by Quantum Industry Canada will help us to be connected to the needs of different industries that will be disrupted by quantum to take strategic decisions and initiate key partnerships.”
— Sarah Jenna, Executive Director, QV Studio

About Quantum Industry Canada
Quantum Industry Canada (QIC) is the country’s national consortium, uniting quantum technology companies and allied organizations to champion the development of Canada’s rapidly emerging quantum sector. With nearly 60 members and affiliates, QIC is dedicated to transforming Canada’s quantum strengths and capabilities into global business success and economic prosperity. Given the Canadian quantum industry’s potential to contribute over 3% of GDP and create over 200,000 jobs by 2045 — the QIC community is fervently working to unlock Canada’s quantum potential, aiming to secure our nation’s leadership and economic success in the global quantum landscape while bolstering national security.

About Distriq
Quantum Innovation Zone and Québec Quantique form a quantum innovation acceleration ecosystem that catalyzes expertise and infrastructure. It connects and integrates collaborative initiatives, enhancing synergy between the various players in Québec’s quantum ecosystem. To find out more, visit https://distriq.com/ and https://quebec-quantique.ca/en/home/

About Qubic Technologies
Qubic Technologies is a quantum hardware startup developing the next generation of advanced microwave remote sensing systems. Our technology can increase accuracy, reliability and actionability of microwave intelligence in critical situations and harsh environments. Learn more at: https://qubictech.co/ 

About Exaion
Exaion, a subsidiary of the EDF Group, was co-founded in 2020 by Fatih Balyeli and Laurent Bernou-Mazars, who became respectively its CEO and CTO. Aligned with the Group’s raison d’être, Exaion supports industries in their digital transformation with a responsible and sustainable approach: upgrading old supercomputers, using largely decarbonized electricity, and recovering waste heat. Its mission revolves around data: accelerating its processing, ensuring its security, and facilitating access and control for users. Its experts develop efficient, innovative and sovereign solutions and services. Exaion Inc., its subsidiary based in Montréal, Québec, Canada, serves the needs of North American stakeholders. For further information: exaion.edf.fr/en

About Numana
At Numana, we’re a catalyst for technological ecosystems. With our partners, we bring innovative people together to create more value for the technology industry and for Québec as a whole. The name Numana is optimistic, technological and people-centered; it’s focused on the future. It epitomizes our desire to develop new technologies for the people of tomorrow. Learn more at https://numana.tech/en/ 

About QV Studio
QV Studio is a startup studio partnering with two venture capital funds (Quantonation and Quantacet) dedicated to quantum technologies. QV Studio’s mission is to create and de-risk university spinoffs developing quantum technologies to transform different markets, including energy, health, sustainability, etc. By joining QV studio, companies gain a team of experienced entrepreneurs, state-of-the-art research and development infrastructure and investors specialized in the quantum field. They increase your business’ chances of success, while growing as an entrepreneur. Learn more at https://www.qventurestudio.com/en

SOURCE Distriq, Quantum Innovation Zone

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Keuka College Notifies Individuals of Data Security Incident

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KEUKA PARK, N.Y., Sept. 20, 2024 /PRNewswire/ — Keuka College has learned of a data security incident that may have involved personal information.

On April 25, 2024, the College identified suspicious activity within its network environment and immediately took steps to secure the environment, restore its systems, and began an investigation to determine the nature and scope of the issue. Keuka College also engaged independent cybersecurity specialists to assist with the process. The comprehensive investigation, which concluded on August 21, 2024, could not determine definitively whether personal information related to current and former students and employees was affected.

Keuka College maintains a variety of records which can include: name, Social Security number, Driver’s license number, student id number, financial account information, and date of birth. Current students and employees were contacted by the College in May and provided with one year of free credit and identity monitoring services.

Keuka College has established a toll-free call center to answer questions about the incident and address related concerns. Call center representatives are available Monday through Friday from 9:00 am to 9:00 pm Eastern Time and can be reached at 1-833-913-7557. Please be prepared to provide the engagement number, B131983, for reference.

View original content:https://www.prnewswire.com/news-releases/keuka-college-notifies-individuals-of-data-security-incident-302254623.html

SOURCE Keuka College

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TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program

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Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.

TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.

TeraBox reveals some of its impressive Referral Program data.

TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.

The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.

TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.

As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.

About TeraBox

TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.

Photo – https://mma.prnewswire.com/media/2510913/image_5016964_39376930.jpg

View original content:https://www.prnewswire.co.uk/news-releases/terabox-celebrates-2nd-anniversary-of-its-massively-popular-referral-program-302254411.html

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Industrial Rack and Pinion Market to Grow by USD 998.6 Million (2024-2028), AI Redefining Market Landscape Amid Rising Demand for Machine Tools – Technavio

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global industrial rack and pinion market size is estimated to grow by USD 998.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.45%  during the forecast period. Growth of industrial manufacturing leading to increase in demand for machine tools is driving market growth, with a trend towards increasing demand for stairlifts in offices. However, availability of substitutes for rack and pinion systems  poses a challenge. Key market players include Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Industrial Rack And Pinion Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.45%

Market growth 2024-2028

USD 998.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.41

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

China, US, Germany, India, and Canada

Key companies profiled

Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd.

Market Driver

The industrial rack and pinion market is experiencing growth due to the increasing demand for stairlifts in commercial and industrial applications. Stairlifts are essential for employees who face difficulties climbing stairs in multi-level industrial facilities. Arthritis, joint stiffness, and injuries are common reasons for this challenge. While elevators are an option, not all industrial buildings have them, especially those with only a few floors above the ground level. Stairlifts offer a cost-effective solution for such facilities, enabling employees to access upper floors with ease. These devices utilize long pieces of straight and curved racks and large pinions, leading to an increased demand for rack and pinion systems in the industrial sector. As a result, the global industrial rack and pinion market is poised for growth during the forecast period. 

The Industrial Rack and Pinion Market is witnessing significant growth due to its extensive applications in various industries. Key sectors driving this market include machine tools, actuators, process industries, material handling, offices, and stairlifts. Rack and pinion systems offer precise rotary and linear motion, making them ideal for machine tools and actuators. In process industries, they are used in drive trains and condition monitoring systems for IoT applications. ZHY Gear, a leading industrial gear manufacturer, specializes in rack and pinion gears for diverse industries. Their zero backlash gearboxes are popular in wind turbine gearboxes, motor technology, and construction equipment. Furthermore, rack and pinion systems are used in power plants, oilfields, and offices for material handling and stairlifts. The integration of IoT technology in these systems enhances efficiency and productivity. 

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Market Challenges

The industrial rack and pinion market involves the production and sale of linear actuation mechanisms that convert rotary motion into linear motion. Rack and pinion systems are a common choice due to their ability to provide fast movement over long lengths without excessive vibration. However, alternatives such as ball screws and lead screws also exist, each with their unique advantages and disadvantages. Ball screw systems offer smooth and almost friction-free movement but can vibrate at high speeds and longer lengths. In contrast, rack and pinion systems have high friction and a risk of backlash if the pinion does not properly engage with the rack. Ultimately, the choice between these mechanisms depends on the specific requirements of end-users, with some preferring smooth and friction-free systems, while others prioritize high-speed operation. The presence of multiple substitutes and the varying needs of end-users may hinder the growth of the global industrial rack and pinion market during the forecast period.The Industrial Rack and Pinion Market caters to various industries such as power plants, oilfields, machine tools, process industries, material handling, offices, and more. Two primary types of motion – rotary and linear – are served by this market. Key applications include actuators, stairlifts, and industrial gear in wind turbine gearboxes. Challenges in this sector include ensuring zero backlash for precise motion control, integrating IoT and condition monitoring technologies, and catering to diverse industries like motor technology, drive trains, and construction equipment. Notable players in the market include ZHY Gear, addressing the needs of power plants, oilfields, and other sectors with their high-quality rack and pinion solutions.

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Segment Overview

This industrial rack and pinion market report extensively covers market segmentation by

Product 1.1 Machine tools1.2 Linear actuation and guideways1.3 Material handlingType 2.1 Alloy steel2.2 Carbon steel2.3 Stainless steel2.4 Aluminum alloy2.5 PlasticGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Machine tools-  The Industrial Rack and Pinion Market refers to the business sector that produces and sells rack and pinion systems for industrial applications. These systems consist of a rack, which is a flat bar with teeth, and a pinion, which is a gear that meshes with the rack. Rack and pinion systems are used in various industries, including material handling, automotive, and construction, to convert rotary motion into linear motion. The market for these systems is driven by factors such as increasing automation in industries and growing demand for efficient material handling solutions. Companies in this market offer customized solutions to meet specific industry requirements.

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Research Analysis

The Industrial Rack and Pinion Market encompasses various industries including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems are essential components in these industries, providing rotary and linear motion solutions. They are used in machine tools for precise positioning and in actuators for industrial automation. In process industries, they are employed for valve actuation and pump drives. For material handling, they offer zero backlash and high torque for efficient conveyor systems. In the construction industry, rack and pinion systems are used in cranes and hoists. In the realm of renewable energy, they are integral to wind turbine gearboxes. Motor technology and drive trains also utilize rack and pinion systems for efficient power transmission. IoT and condition monitoring systems enhance the performance and reliability of rack and pinion applications. Industrial gear manufacturers like ZHY Gear produce high-quality rack and pinion systems for diverse industries.

Market Research Overview

The Industrial Rack and Pinion Market encompasses various industries and applications, including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems provide rotary and linear motion solutions, essential in industries that require precise and efficient power transmission. These systems are integral to machine tools for accurate positioning and movement. In material handling, they power conveyor belts and other automated systems. Actuators, such as those used in process industries, rely on rack and pinion for precise control and zero backlash. The market also caters to IoT and condition monitoring systems, enhancing industrial gear efficiency and performance. ZHY Gear, a leading manufacturer, offers rack and pinion solutions for diverse applications, from wind turbine gearboxes to motor technology and drive trains. Construction equipment, power plants, oilfields, and various other industries benefit from the reliability of rack and pinion systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMachine ToolsLinear Actuation And GuidewaysMaterial HandlingTypeAlloy SteelCarbon SteelStainless SteelAluminum AlloyPlasticGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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