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Trio Mobil Secures $26.5M in Growth Financing Led by NewSpring to Revolutionize Workplace Safety and Efficiency with AI and IoT

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PHILADELPHIA, July 29, 2024 /PRNewswire/ — Trio Mobil, a leading provider of AI and IoT solutions for workplace safety and efficiency and a trusted partner for an impressive roster of Fortune 500 companies, has secured $26.5M growth financing led by NewSpring through its dedicated growth equity strategy, NewSpring Growth, focused on delivering working capital to scale fast-growing technology companies. Existing investors 212 and TIBAS Ventures also participated in the round. This investment marks a significant milestone in Trio Mobil’s mission to transform workplace safety and operational efficiency across various industries.

Trio Mobil is at the forefront of innovation, pioneering advanced solutions that enhance safety and increase efficiency in industrial settings. The company offers a robust suite of solutions that meet the safety and efficiency requirements of intralogistics in facilities and warehouses, as well as highway operations.

Collaborating with leading global enterprises such as Coca-Cola, Unilever, St. Gobain, PepsiCo, Mercedes-Benz, Ford, and Beko, Trio Mobil leverages its cutting-edge AI and IoT technologies to revolutionize workplace environments. These solutions enhance safety and advance operational processes, contributing to more productive industries worldwide. Operating across 65 countries, Trio Mobil profoundly impacts workplace safety, protecting over 1 million personnel and inspiring a global shift towards safer work environments.

Addressing Unresolved Workplace Safety Challenges

Alarming statistics from reputable sources underscore the urgency and impact of improving workplace safety. The International Labour Organization reports that almost 3 million people worldwide die from work-related accidents and diseases each year, and nearly 400 million suffer non-fatal work-related injuries annually. These figures highlight the critical need for innovative solutions like those provided by Trio Mobil to mitigate risks and enhance safety protocols in the workplace.

Trio Mobil distinguishes itself in the market with its cutting-edge, comprehensive platform that delivers end-to-end supply chain solutions. This robust platform is enhanced by an array of AI-powered edge devices, including advanced safety cameras and wearables for workers, ensuring both operational efficiency and enhanced safety across various industries.

Trio Mobil’s edge AI computing technology, trained on millions of datasets from various fields, can rapidly identify the most complex safety scenarios in real-time and proactively initiate corresponding actions within milliseconds, utilizing its IoT capabilities. This advanced software sets Trio Mobil’s solution apart, establishing a superior safety network.  This system is designed to help customers achieve their global target of zero accidents, thereby preserving lives and preventing injuries.

Enhancing Global Presence and Expanding Innovation

The newly secured funding marks a significant milestone for Trio Mobil. It enhances the company’s ability to support customers globally, accelerate growth initiatives, and strengthen operations in the US and international markets. Trio Mobil is set to revolutionize workplace safety and efficiency on a worldwide scale. With this investment, Trio Mobil will continue leading the industry with its unique, innovative solutions that ensure unmatched effectiveness and safety standards, solidifying its position as a pioneer in AI and IoT technologies.

Trio Mobil’s CEO Nevzat Atakli and Investors Share Insights on Landmark Funding Round

Nevzat Atakli, CEO and Co-Founder of Trio Mobil, expressed his excitement about the growth funding: “This funding marks a pivotal moment for Trio Mobil. It highlights the transformative potential of our AI and IoT solutions in enhancing workplace safety and operational efficiency. With this investment, we are excited to advance our innovations and better support our global customers in all their operations worldwide. Our mission is to ensure that every worker returns home safely, and this funding brings us significantly closer to achieving that vision on a wider scale.”

Hart Callahan, NewSpring Partner, commented on the investment: “Trio Mobil’s groundbreaking AI and IoT technologies provide a comprehensive safety network that ensures unmatched protection across various industries. This unique approach aligns perfectly with NewSpring Growth’s commitment to supporting visionary founders and entrepreneurs. The potential for Trio Mobil to set new standards and drive advancements in their field is significant. We are excited to partner with this team as they expand their global impact and revolutionize workplace safety and efficiency.”

Numan Numan, Partner at 212, shared insights on the company’s growth: “From the early days as Trio Mobil’s initial VC backer, we’ve watched them soar from promising startup to industry pioneer. Their cutting-edge technology and visionary team aren’t just tapping into the workplace safety market – they’re poised to revolutionize it globally, redefining the future of IoT industries worldwide. We’re thrilled to welcome NewSpring as we embark on the next chapter of this extraordinary journey.”

About Trio Mobil

Trio Mobil is a US-based company offering the industry’s only combined AI and IoT safety and efficiency solutions for manufacturing and warehousing businesses. With over 500,000 connected devices in 65 countries and 2,000+ customers, Trio Mobil has been instrumental in enhancing the operations of well-known brands such as Coca-Cola, Unilever, PepsiCo, Mercedes-Benz, Ford, Beko, and many more.

The company takes pride in its track record of saving lives and preventing injuries through innovative solutions. As the industrial safety and efficiency market grows, Trio Mobil remains committed to addressing unresolved safety issues and driving exponential growth.

For more information on Trio Mobil’s solutions, visit www.triomobil.com.

About NewSpring

NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $3.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having completed over 250 investments, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond.

Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries.

To learn more, visit www.newspringcapital.com.

About 212

212 is a venture capital firm with deeply rooted global networks that bring in growth partners and back bold, growth-stage tech companies across Turkey, CEE, and MENA. Currently, the fund manages over $130M of committed capital across 30 active investments. 212’s time-tested strategy is to advance B2B tech solutions with demonstrated traction, a precise product-market fit, and founders who are ready and eager to scale internationally.

As a firm believer in investing in teams, 212 has built a diverse and dynamic team over a decade while establishing and leveraging a robust presence in Istanbul, London, Dubai, Doha, and San Francisco. Over two funds, 212 has created more than $2B in value by investing in early-stage technology startups.

For more information, please visit: www.212.vc 

About TIBAS Ventures

TIBAS Ventures (formerly 100th Year Venture Capital) is the corporate venture capital arm of Isbank, Turkey’s first and largest private bank. Founded in 1924 with the mission of supporting new businesses and boosting the economy, Isbank continues to support entrepreneurs of the next century in its 100th year.

TIBAS Ventures supports technology driven global startups with exceptional founders and committing to their long-term success and sustainable growth with its sector-agnostic investment philosophy.

For more information, please visit: https://100yvc.com/

View original content:https://www.prnewswire.com/news-releases/trio-mobil-secures-26-5m-in-growth-financing-led-by-newspring-to-revolutionize-workplace-safety-and-efficiency-with-ai-and-iot-302208594.html

SOURCE NewSpring

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XPPen Announces Participation at PAX AUS, Teasing the Unveiling of Groundbreaking Drawing Displays

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LOS ANGELES, Sept. 30, 2024 /PRNewswire/ — XPPen, the world’s leading digital art innovation brand, announces its participation in PAX AUS 2024. The anticipated event is taking place from October 11 to 13, at the Melbourne Convention and Exhibition Centre. To highlight its latest technological advancements, XPPen will showcase the newly launched Artist Pro 19 (Gen 2) and the eagerly awaited, yet-to-be-released Artist Pro 24 (Gen 2) series.

PAX AUS, one of Australia’s largest gaming expos, stands as a pinnacle event in the vibrant gaming culture, drawing global enthusiasts. Last year, PAX attracted over 80,000 attendees, marking its largest gathering since 2013. XPPen is excited to join this dynamic community, offering exclusive discounts up to 40% off select products to celebrate our participation.

Unveiling the Upcoming New Release

Leveraging the gathering of gaming enthusiasts, XPPen is excited to showcase its latest innovation at PAX AUS: the newly launched Artist Pro 19 (Gen 2) and the highly anticipated unrevealed Artist Pro 24 (Gen 2) series. Visit Booth #3460 for an exclusive sneak peek of groundbreaking drawing displays.

The Artist Pro 19 (Gen 2) offers a portable yet powerful drawing display with an expansive 4K screen and Calman Verified color performance. It includes two 16K pressure levels styli, balancing advanced technology with ergonomic design. This new size option provides artists with an affordable, high-performance tool that stands out as an ideal choice.

Introducing XPPen’s Artist Pro 24 (Gen 2) Series, our flagship product for professional artists, making its first official offline debut. Available in 4K & 165Hz models, both feature Calman Verified color accuracy, 16K pressure levels, X-Color Master solution, and a 2024 Reddot Award-Winning design. The official launch is scheduled for late October. For more information and updates, please refer to XPPen’s official website.

The 4K version features an Ultravision display with 1.07 billion colors, while the Artist Pro 24 (Gen 2) 165Hz, the world’s first 165Hz drawing display, offers a line display speed 175% faster than 60Hz displays. This results in virtually no latency, providing artists with exceptional smoothness and precision in every stroke.

Join the Fun: Interactive Booth Activities

In addition to experience with our latest products, XPPen invites on-site attendees to participate in exciting activities. Visit our booth and follow @xppen.anz on Instagram for a chance to score a free XPPen gift, including Fenix keychain, canvas bag, stickers, or luggage tag. We are also hosting a drawing contest where participants have 10 minutes to sketch their favorite gaming character. Submit your entry via Instagram DM or share through Ins Story for a chance to win XPPen drawing tablets.

Experience the ultimate XPPen savings at PAX! Visit the XPPen booth for exclusive discounts of up to 40% off, our best deals are reserved for in-person attendees. For more information about the latest innovation, learn more at the XPPen AU store https://bit.ly/4e8RfND. Don’t miss this chance to upgrade your digital art tools.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xppen-announces-participation-at-pax-aus-teasing-the-unveiling-of-groundbreaking-drawing-displays-302259724.html

SOURCE XPPen Technology Co., Ltd.

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USI Releases its Climate and Nature Risk Management Report

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SHANGHAI, Sept. 30, 2024 /PRNewswire/ — In a decisive move to combat climate change and uphold the principles of the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework, USI (SSE: 601231) released its 2023 Climate and Nature Risk Management Report. This follows the company’s inaugural TCFD Report in 2021. The latest report, structured around the TCFD and TNFD frameworks, provides a comprehensive overview of USI’s governance, strategy, risk management, and metrics and targets related to climate adaptation and biodiversity conservation.

The conclusion of the United Nations Climate Change Conference (COP28) in December 2023 marked a significant agreement to drastically reduce emissions. USI reaffirms its commitment to the Paris Agreement’s goals, embedding environmental sustainability into its core operations through its Environment, Health, Safety & Energy Policy. The company actively participates in the CDP and SBT initiatives, setting and promoting ambitious carbon reduction targets. Notably, USI’s facilities in Mainland China, Mexico, and Vietnam are now powered entirely by renewable energy, and all major facilities worldwide have achieved third-party ISO 14064-1 verification for their greenhouse gas emissions. USI is also accelerating its R&D efforts to develop low-carbon products, increasing the share of clean tech and eco-design products, with long-term goals of using 100% renewable energy in all manufacturing facilities by 2035 and achieving net-zero carbon emissions by 2040.

In 2023, USI demonstrated its commitment to biodiversity conservation by announcing its Biodiversity and No Deforestation Commitment and implementing a biodiversity risk assessment system, aiming for a Net Positive Impact by 2050. Since 2013, USI has invested in afforestation projects to combat desertification in Inner Mongolia and Ningxia, gradually restoring local biodiversity. The latest ecological surveys report 47 species in Inner Mongolia and 14 species in Ningxia, indicating stabilizing sand, a balancing ecosystem, and early signs of recovery. By the end of 2023, USI had planted 151,482 trees covering 97.91 hectares, capturing 729.44 metric tonnes of CO2e and conserving approximately 134,332.52 metric tonnes of water annually.

USI remains steadfast in its mission to build a sustainable environment, uphold social responsibility, and pursue sustainable governance, contributing to the planet’s sustainable development.

About USI (SSE: 601231)

USI, Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) technology. With Asteelflash and Hirschmann Car Communication, USI has 30 production and service locations across four continents of Asia, Europe, the Americas, and Africa, and offers customer diversified electronic products with D(MS)2 services: Design, Manufacturing, Miniaturization, Industrial software, and hardware Solutions, and material procurement, logistics and maintenance Services. USI is a subsidiary of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX). To learn more, please visit www.usiglobal.com and engage with us on LinkedIn and YouTube.

View original content:https://www.prnewswire.com/apac/news-releases/usi-releases-its-climate-and-nature-risk-management-report-302257855.html

SOURCE UNIVERSAL SCIENTIFIC INDUSTRIAL (SHANGHAI) CO., LTD

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STEM Exploration Day Ignite Girls Passion for Careers in STEM

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Professional women with careers in science, technology, engineering and math make a world of difference in inspiring young girls to show them they can achieve anyything they want to with hard work and believing n themselves.

INDIANAPOLIS, Sept. 29, 2024 /PRNewswire-PRWeb/ — The Children’s Museum of Indianapolis is proud to help ignite a passion in science, technology, engineering and mathematics (STEM) for girls of all ages. The STEM Exploration Day took place on Saturday, September 28, 2024 with professional women sharing their experience and advice.

There’s something about a robot that can feed into that interest in science, technology, engineering and math. Touch sensors, buttons and sonar show them how to control different actions and that’s fascinating.

Young girls met with women in various STEM professions including coding, physics, astronomy, robotics and engineering just to name a few. Hands-on activities and demonstrations served as great learning opportunities as visitors received special giveaways.

Programs & Activities – Thank you to all participating groups that provided hands-on activities and helped guide STEM career explorations. They included:

Eli Lilly and Company Visiting Scientist Dr. Carlotta Berry
Dr. Berry is an accomplished electrical engineer specializing in controls and robotics. She advocates for the demystification of STEM through innovative strategies, including robot hip-hop slam poetry. She is a professor and endowed department chair at Rose-Hulman Institute of Technology. She’s also an author, researcher, mentor, role model, prolific speaker, and a STEM trailblazer. Dr. Berry engaged visitors in hands-on exploration with robots. You can hear more from her here: https://youtu.be/16smIuetR_w

Indiana Visiting Artist Emily Bennett
If your first thought of “sculpture” is a gleaming marble bust from ancient Greece, just wait until you see the work of Terre Haute artist Emily Bennett! She redefines what sculpture can be, weaving colorful fibers onto metal structures to create bold, vibrant pieces. The results are what she calls “imaginary dreamscapes” that you can hang on the wall or set on a shelf. As programming coordinator for the Community School of the Arts at Indiana State University, Bennett relishes helping people uncover their artistic abilities.

Women in Lilly Discovery and Development (WiLDD) with Eli Lilly and Company (families created their own binary bracelets and lava lamps).

80 Acres Farms

Franklin Pest Solutions

Indiana State Police Crime Laboratory (visitors examined various pieces of evidence with forensic experts to learn how they solve crimes).

Society of Women Engineers (girls explored mechanical engineering and learned how to make their own catapults). UIndy Human Identification Center (families received an interesting introduction to forensic anthropology, learned about radiographs and studied casts of bones from various animals to learn about the different ages and stages of life).

City of Indianapolis—Department of Public Works, Engineering (shared a storm drain model to demonstrate how families can protect stormwater).

IU Astronomy Department (families learned how the same elements that make up our bodies are also present in galaxies billions of light years away and examined the patterns of Hydrogen, Helium, Oxygen and Neon and made bracelets with the same patterns as these elements).

IU Intelligent Systems Engineering (featured robotics and electronics).

IEEE Women in Engineering (helped visitors explore various sensors).

Sycamore School (more than two dozen activities revolving around mechanics, electricity, sound, optics and air pressure made up the activities).

American Council of Engineering Companies (ACEC) (provided a bridge building simulation).

The Gurl Code (provided binary bracelets, 3D Pens, Ozobots and MakeyMakey).

DNA Discovery in Corteva Agriscience STEMLab (families were able to extract real DNA from plant cells, discovered where DNA can be found in nature and learned about how scientists discovered the structure of DNA).

STEM Exploration Day is presented Lilly Girls & Young Women In STEM and supported by Indiana Soybean Alliance.

About The Children’s Museum of Indianapolis
We ignite joy, wonder and curiosity by creating powerful learning experiences for children and adults. For more information about The Children’s Museum, visit http://www.childrensmuseum.org and follow us on social media @childrensmuseum.

Media Contact

Kimberly Harms, The Children’s Museum of Indianapolis, 317-334-4003, kimh@childrensmuseum.org, www.childrensmuseum.org

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View original content to download multimedia:https://www.prweb.com/releases/stem-exploration-day-ignite-girls-passion-for-careers-in-stem-302261817.html

SOURCE The Children’s Museum of Indianapolis

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