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Hanwha to showcase cutting-edge aerospace solutions at Farnborough Airshow 2024

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Hanwha’s aerospace and defense enterprises will participate in the Farnborough International Airshow 2024, offering a range of advanced solutions from fighter jet engine, avionics to satellites, space launch vehicle. Hanwha Aerospace is set to unveil the prototype of a homegrown aero turbofan engine designed to power next-generation fighter jet and uncrewed aircraft. Hanwha Aerospace to show off an advanced lineup of space technologies such as the KSLV-II launch vehicle, the SpaceEye-T high performance commercial earth observation satellite.Hanwha Systems will present a set of advanced avionics and satellite systems, including low Earth orbit (LEO) satellite communications systems.

SEOUL, South Korea, July 18, 2024 /PRNewswire/ — Hanwha Aerospace will join the 2024 Farnborough International Airshow with a strong presence, offering a range of advanced solutions in the aviation and space domains.

At the biennial event taking place from July 22-26, Hanwha Aerospace will showcase the prototype of a homegrown 15,000lb.-thrust-class turbofan engine on par with GE’s F414. This will be the first unveiling of the Korean aviation engine concept, as the engine is expected to power South Korea’s KF-21 jet fighters in a future tranche and uncrewed combat aircraft as well.

The homegrown engine initiative came after decades of engine manufacturing and production achievements through technical cooperation with global top engine makers. Hanwha Aerospace is the only manufacturer of aero gas turbine engines in South Korea, achieving a major milestone of producing over 10,000 engines in April 2024. 

“Leveraging our decades of accumulated experience and exceptional expertise in aircraft engine manufacturing, we’re fully committed to developing an aero turbofan engine of our own technology,” said Executive Vice President Mr. Kim Won-wook, Head of Advanced Aero Engine Business Unit. “With the successful development of K-21 fighter jets, and growing defense industry capabilities in Korea, we are confident in the success of our endeavor.” 

Hanwha Systems will offer a series of innovative avionics systems technologies, including active electronically scanned array (AESA) radars for different types of combat aircraft.

“This is a key strength of Hanwha,” said Mr. Park Hyuk, Head of Surveillance & Reconnaissance Business Division at Hanwha Systems. “From engines to radars and sensors, Hanwha has a full capability to supply core components and technologies for making sophisticated fighter jets.”

Hanwha’s cutting-edge space technologies will also be shown off at the show, as Hanwha Aerospace is taking the lead of South Korean efforts to advance its space launch capability. The homegrown KSLV-II space launch vehicle will be displayed in a mock-up, along with SpaceEye-T, the world’s highest resolution commercial earth observation satellite. 

Also known as Nuri, the KSLV-II is a three-stage launch vehicle with a payload capacity of a 1.5-ton to Sun-synchronous orbit (SSO). As the systems integrator, Hanwha Aerospace will take charge of KSLV-II’s future launch missions through 2027.  

Built by Satrec-I, a subsidiary of Hanwha Aerospace, SpaceEye-T is capable of identifying the type of vehicle on the road from space, using its super resolution 0.3m imagery capabilities. In addition, Hanwha Systems will showcase its small synthetic aperture radar (SAR) satellite, which has been in orbit since December 2023.

“With our capabilities in all areas required, Hanwha aims to become a total solution provider offering a complete value chain of services from launch services to satellites, and space exploration,” said Executive Vice President Mr. Lee Jun-won of Space Business Group at Hanwha Aerospace.

About Hanwha Aerospace

Founded in 1977, Hanwha Aerospace is a global aerospace and defense company offering a broad portfolio of products and services, ranging from land combat systems, precision munitions to military engine production and MROs.

In the aerospace sector, Hanwha Aerospace stands as the only South Korean company that has an end-to-end capacity for engine designing, manufacturing, and evaluating systems. Based on this capacity, the company has developed over 1,800 indigenous engines for precision-guided missiles and auxiliary power units, along with extensive MRO services on 5,600 military engines for 45 years.

A top-tier partner for the world’s three major aircraft engine companies _ General Electric, Pratt & Whitney, and Rolls-Royce, Hanwha Aerospace has gained an excellent reputation in the international aerospace market for its highest level of production and consistent delivery of sophisticated engine parts. More information is available at www.hanwhaaerospace.com

About Hanwha Systems

Hanwha Systems is the leading company of the Republic of Korea in various business areas ranging from avionics, space to security and safety solutions, and information systems service. Hanwha Systems has Defense Division and ICT Division with the customer value being the top priority. More information is available at https://www.hanwhasystems.com

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AI-Powered Earbuds Transforming North American Smart Offices: Exclusive Insights from viaim CPO at CES 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — At CES 2025 in Las Vegas, Liu Da, Chief Product Officer (CPO) of viaim, an AI technology hardware company deeply rooted in the smart office sector, gave an exclusive interview, sharing valuable insights into viaim’s exploration of the field of AI-powered earbuds, its innovative product concepts, and how the technology addresses common workplace challenges in North America. Mr. Liu also delved into the market potential of AI-powered earbuds and viaim’s strategic blueprint for shaping the future of smart offices, especially in the North American market.

North American business professionals have widely embraced remote and hybrid work models. The rise of multilingual communication has fostered a highly digitalized consumer landscape with diverse user needs, particularly for smart office solutions. In response, viaim is dedicated to developing practical AI solutions that alleviate repetitive and tiring office tasks. By addressing the evolving demands of North American professionals with its AI-driven innovations, viaim is advancing its global mission to transform work efficiency and productivity.

Unique advantages of AI-powered smart earbuds

In the interview, Mr. Liu said earbuds, being close to the user’s senses, are seamlessly integrated into daily life and serve as an ideal platform for AI technology. Unlike traditional office hardware, AI-powered earbuds are portable and versatile, fitting various scenarios such as remote meetings, commuting, and entertainment. He highlighted that viaim’s AI-powered smart office solutions position the Company to bridge the gap between people and devices, transforming earbuds from simple audio tools into smart office partners. 

viaim’s technology and design challenges during the R&D  phase

Mr. Liu detailed the challenges the Company faced during the R&D phase, including integrating AI computing power, storage, and sensors into earbuds with limited space while maintaining portability and battery life. He also highlighted the difficulty of balancing human auditory sensitivity with machine signal processing to ensure a natural user experience. To tackle these challenges, viaim employed multi-terminal collaboration, integrating earbuds, apps, and cloud services to ensure seamless voice processing and secure data management tailored to the needs of North American professionals.

Market potential, insights, and positioning in North America

A report from Upwork, the world’s largest work marketplace, projects 36.2 million Americans will work remotely in 2025, marking an 87% increase from pre-pandemic levels. AI-powered earbuds, with capabilities including meeting recording and follow-up task management, cater to the digitalized and multilingual North American market. As remote and hybrid work rises, AI earbuds are becoming vital for workplace efficiency and language learning. viaim stands out with a competitive strategy focused on technological innovation and market segmentation, offering unique value beyond traditional earbud brands.

Future strategy and product vision

Mr. Liu believes technology’s true value lies in solving real-world problems. “When users actively engage with our AI solutions, it demonstrates their true value,” he stated. AI earbuds remain the Company’s core focus, empowering professionals to shift their attention from routine tasks to meaningful creative endeavors. Looking ahead, viaim plans to expand its product lineup to include smart glasses and office accessories, creating a comprehensive AI office ecosystem. The Company aims to rapidly iterate based on user feedback, expanding AI earbuds from niche to mass markets and advancing industry development.

Media Contact: 

Qian Wang
+86-15321782927
wangqian@vision-intelligence.tech

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Steller Unveils Group Trip Planning

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KIRKLAND, Wash., Jan. 10, 2025 /PRNewswire/ — Steller, a video-based, travel planning platform that allows travelers to discover, connect and book based on experiences shared by creators, introduced its most requested feature yet: group trip collaboration. The feature transforms how travelers plan group trips by consolidating everything—discovery, communication, organized planning, and booking—into one platform. 

Steller launches group trip planning, streamlining discovery, communication, and booking into one collaborative platform.

Traditional Trip planning involves multiple surfaces and when traveling with others, multiple communication channels. It is difficult to stay organized when communication is spread across text messages, social DMs, email, etc.  

Steller’s new collaboration feature eliminates communication chaos and streamlines trip planning by offering a central group hub for organizing every piece of the process. Travelers can invite others to join their Trip itinerary, keeping communication, discovery, and booking in one place. With Steller’s library of more than 30 million pieces of user generated travel content, groups can share videos of activities, dining spots, attractions, add notes, and co-create custom itineraries. Flexible itinerary views—list, map, and video—give everyone a complete picture of the plan to share and edit with their travel companions.

“Collaborative trip planning has been a top request from our community.  When we launched Trips by Steller   last January, we knew it would resonate, but the response has far exceeded expectations. In a short time, over 50,000 users have planned and booked trips by incorporating their favorite user-generated travel videos into personalized itineraries. For our destination clients,  Trips by Steller has seamlessly connected travel influencer marketing to planning and commerce. Steller clients see more than 18% of viewers who engage with their influencer campaigns planning trips to their destination—a result that sets a high bar in the travel industry. Adding collaboration to the mix amplifies that impact, inspiring more people to explore, engage and transact together!” said Pete Bryant, CEO of Steller. 

How It Works  

Whether it’s a getaway for two or a large group adventure, collaboration makes organizing travel plans easy with an all-in-one solution. 

Build Your Itinerary Together: Group members can contribute by adding things to do, activities, and notes.Stay Organized: Add notes and structure by day, activity, or group to eliminate confusion.Flexible Views: View your itinerary as a detailed list, on a map, or through video for a fully customizable planning experience.Real-Time Updates: Keep track of changes, additions, and edits made by group members.On-the-Go Access: Everyone can access the itinerary on their phone.

Steller continues to lead the charge in innovative travel planning, ensuring that its platform evolves based on user feedback. Collaborative trip planning is the latest step in its mission to evolve travel. 

About Steller 

Steller, headquartered in Kirkland, Wash., is the market leading travel planning platform that guides travelers from inspiration to planning and booking through authentic experiences of their favorite creators. Steller’s patent pending platform distributes millions of pieces of bespoke, worldwide video content that can be found and booked on the Steller app. Learn more at www.steller.co  and  stellerforbusiness.com

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RAAPID Raises Series A from M12, Microsoft’s Venture Fund to Scale Next-Generation Healthcare Risk Adjustment

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Company reports 300% revenue growth in 2024 and advances partnerships with nation’s leading health systems

LOUISVILLE, Ky., Jan. 10, 2025 /PRNewswire/ — RAAPID, the industry-leading healthcare AI company, announced today a significant Series A investment from M12, Microsoft’s venture fund. This strategic funding positions RAAPID to expand its groundbreaking Neuro-symbolic AI platform that is reshaping healthcare risk adjustment.

RAAPID’s explosive growth – marked by a 300% revenue increase in 2024 – demonstrates the market’s strong validation of its advanced technology platform. The company has quickly established itself as a trusted partner for major health plans and provider., At the core of RAAPID’s success is its pioneering VisionAI technology, which tackles one of healthcare’s most pressing challenges: making sense of unstructured medical data. While over 70% of medical records exist as unstructured data when shared outside EHRs, RAAPID’s AI engine transforms this complex information into actionable insights, enabling unprecedented accuracy in risk capture and care gap identification.

“Our vision extends beyond traditional risk adjustment,” states Chetan Parikh, Founder and CEO of RAAPID. “We’re creating a future where AI augments healthcare professionals’ capabilities, leading to better patient outcomes and more accurate appropriate reimbursements. This investment from M12 accelerates our mission to transform healthcare through advanced AI.”

RAAPID’s purpose-built Risk Adjustment platform has achieved remarkable results:

Slashing chart review time by 60-80%Surpassing industry standards with 95%+ coding accuracyGenerating additional appropriate and compliant revenue per memberImproving risk capture accuracy by 25%

The HITRUST-certified platform stands out for its unique Neuro-symbolic AI approach, combining neural networks with an extensive medical knowledge graph containing over 4 million clinical entities and 50 million relationships. This sophisticated technology enables both retrospective analysis and prospective risk adjustment, helping organizations identify and address care gaps to positively impact patient health.

“Healthcare organizations are increasingly seeking innovative solutions to manage risk and improve care delivery in value-based arrangements,” said Todd Graham, Managing Partner at M12. “RAAPID’s AI-driven risk adjustment platform aligns perfectly with our investment strategy. Through M12, we are committed to providing our portfolio companies with access to Microsoft’s resources and expertise to drive significant impact in the healthcare sector.

Led by a team with over 25 years of healthcare technology expertise, RAAPID has collaborated with experts from the top 4 tech giants in developing its clinical AI solutions. RAAPID continues to push the safe boundaries of what’s possible in healthcare AI. The company’s selection as an M12 portfolio company validates its position as a leader in healthcare technology innovation.

As value-based care becomes increasingly important, RAAPID’s AI-powered solutions are becoming essential tools for healthcare organizations striving to improve timeliness and quality of care all patients expect. With this new funding, RAAPID is poised to further advance its technology and expand its positive impact on patients, providers and payers.

About RAAPID
RAAPID develops AI-powered solutions for healthcare payers, providers, and supporting organizations. The company’s cloud-based risk adjustment platform uses neuro-symbolic AI to identify chronic conditions, determine HCC codes, calculate risk scores, and analyze population health trends. RAAPID serves organizations that participate in Medicare Advantage, ACA, Medicare ACO, and Medicaid programs.

For more information about RAAPID’s AI-powered risk adjustment solutions, visit www.raapidinc.com

CONTACT:
Mayur Vyas
(502) 699-3044
388583@email4pr.com

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