ENTERPRISE IOT, DEVICES
Elliptic Labs | February 03, 2023
On February 02, 2023, Elliptic, one of the leaders in AI Virtual Smart Sensors™ and a global AI software company, announced its partnership with Infineon Technologies AG, head of the consortium of European companies in securing the ‘Listen2Future’ project. The project enables the improvement of integrated hardware audio sensors with Elliptic Labs’ AI Virtual Sensor Platform™ and targets the future smart home devices for innovative human wellness features.
A three-year program, the Listen2Future project is financed by investments from industry, has been awarded 30 million euros, earned subsidies from participating European countries and the KDT-JU (Key Digital Technologies Joint Undertaking) program of the European Union.
With participation in the Listen2Future project, Elliptic Labs will focus on two innovations for the future: Monitoring of human health, with a focus on detecting falls, and enabling a sensor ‘mesh network’ to improve and expand wellness monitoring to larger physical areas in multiple, disparate smart home devices with the help of Elliptic Labs’ AI Virtual Connection Sensor™. Elliptic Labs will utilize ultrasound, AI, and sensor fusion to achieve two goals while guaranteeing privacy and data protection by leveraging the AI Virtual Smart Sensor Platform.
CEO of Elliptic Labs, Laila Danielsen, said, “Representing the EU in the Listen2Future project with Infineon truly shows that Elliptic Labs holds a meaningful technological leadership role within Europe and globally.” She also said, “Being recognized as a thought leader in AI, ultrasound, and sensor fusion enables Elliptic Labs to help define the future role of technology in our lives. This further strengthens our team to continue our push to create devices that are smarter, greener, and more human-friendly.”
(Source: Business Wire)
About Elliptic Labs
Elliptic Labs Headquartered in Norway (Europe), Elliptic Labs is a global enterprise targeting the laptop, smartphone, IoT and automotive markets. Established in 2006, the company is a research spin-off from Norway’s Oslo University. The company’s software uses AI, sensor-fusion, and ultrasound to develop Virtual Smart Sensors that deliver intuitive 3D gestures, presence, proximity, heartbeat detection and breathing experiences. Its scalable AI Virtual Smart Sensor PlatformTM creates software-based sensors that are sustainable, human-friendly, and already deployed in lots of devices around the globe. Elliptic Labs is the only software company to successfully deploy detection capabilities using AI software, ultrasound, and sensor fusion at scale.
Read More
ENTERPRISE IOT, INFRASTRUCTURE
NORBIT ASA | February 06, 2023
NORBIT, a leading supplier of customized technology solutions, has completed the acquisition of IoT startup CPS AS. CPS will be a part of the Connectivity segment. The transaction places an enterprise value of NOK 13 million on CPS, amounting to an equity value of NOK 12.6 million. It will be financed through consideration shares and cash.
The consideration shares will be issued at a price equal to the five-day volume-weighted share price of NORBIT ASA before the signing of the share purchase agreement, with a total value of NOK 9.0 million. The cash payment will amount to NOK 3.6 million.
As part of the transaction's partial settlement, the board has decided to issue 298,059 consideration shares to the sellers at NOK 30.25107 per share. The resolution is based on the company's annual meeting on 4 May 2022 authorization to increase the share capital. After registration of the increase in share capital in the Norwegian Register of Business Enterprises, NORBIT's share capital will be 59,199,198 at a par value of NOK 0.10, totaling NOK 5,919,919.80.
About NORBIT ASA
NORBIT ASA Headquartered in Trondheim (Norway), NORBIT is a global provider of niche-specific technology, addressing problems with sustainable and innovative solutions. To work with key markets, the company is divided into three business units: Oceans focuses on global maritime markets, Connectivity offers low-power wireless solutions for monitoring, identification, and tracking of vehicles and other valuable assets; and PIR (Product Innovation and Realization) provides R&D services and contract manufacturing. The company has roughly 400 employees and operates a global sales and distribution platform.
Read More
ENTERPRISE IOT,DEVICES
Jasco Products | January 31, 2023
On January 30, 2023, Jasco has exclusively contracted with Stanley Martine Homes, one of the prominent homebuilders in the United States, to offer JascoPro Series smart lighting systems.
Homeowners on the East Coast will accommodate new builds with Z-Wave technologies through Stanley Martin’s Digital-Ready Homes program, and JascoPro Series lighting systems will be part of this program. Z-Wave technologies will offer homeowners voice control through the Alarm.com interface of Amazon Alexa or Google Home.
The National Association of Realtors’ Home Buyers and Sellers Survey 2021 has reported that around 20% of buyers purchased a home with energy or green efficiency and smart home features over a new one. So JascoPro series will provide convenient and total control over smart lighting systems in their new home.
National Director of Sales for Jasco, Joshua Roberson, said “Jasco is one of the earliest adopters of the Z-Wave protocol. Our proven track record of reliability and scalability is the reason our technology will appear in brand-new Stanley Martin Digital-Ready Homes. He added, “Stanley Martin is setting itself apart from the crowd through its differentiated smart home program. Customers expect app driven technology solutions for their new home. We are proud to be a selected partner delivering the quality home buyers expect.”
(Source – Globe Newswire)
Corporate Procurement Manager for Stanley Martin Butch Greene said, “We ensure that all aspects of a new home are of the highest quality. That includes the brands that we chose for our Digital-Ready Homes program. We want to be on the cutting-edge of what homeowners want now, and the biggest selling points in the future.”
(Source – Globe Newswire)
About Jasco
Jasco is one of the leading home electronics industries, offering lighting, security, home entertainment, power and mobility products and home automation. With its diverse products, it brings product innovation to mobile and home solutions in the market. Headquartered in Oklahoma City, it offers showrooms and sales offices in North and South America as well as in China, Taiwan, and Shenzhen. Since 1975, its clients have been from home improvement stores, food and drug retailers, mass merchants, military installations, distributors, direct marketers, and e-commerce retailers.
Read More