DEVICES
Tuya Smart | December 26, 2022
Contents
1. Tuya Smart’s Intelligent and Sustainable IoT for Maximum Energy Savings
2. Leveraging Smart IoT for Efficient, Safe and Sustainable Buildings
Sustainability with regardsto maximum efficiency, energy savings, and safety is needed for residential, commercial, and industrial IoT application development. The trends in IoT for sustainability are moving towards smart energy management, air pollution monitoring, smart waste management, fleet management, smart water management, smart farming, and cold chain monitoring.
Tuya Smart’s breakthrough technologies implemented in Tuya-enabled hardware help save energy and create convenient and tailored smart device applications.
1. Tuya Smart’s Intelligent and Sustainable IoT for Maximum Energy Savings
Tuya Smart is creating an ecosystem of innovative technologies for the sustainable development of the world. Consumers and businesses can use its all-in-one smart solutions and Tuya-enabled hardware to save the most energy, get better control over operations, and make smart devices more convenient.
Tuya Smart is set for the Venetian Expo of CES 2023 in Nevada, Las Vegas, on January 5–8, with the theme "Be In Smart," where it will demonstrate to consumers and companies the sustainability benefits of IoT development.
2. Leveraging Smart IoT for Efficient, Safe, and Sustainable Buildings
Tuya will exhibitcutting-edge technologies, including smart coffee machines, smart surfboards, and e-bikes, among others, at CES 2023. It will highlight its latest accomplishments in the fields of smart energy, smart sensing, and commercial lighting when showcasing its comprehensive smart solutions. It will bring together the latest insights into the ecosystem of connection protocols, IoT technology, and commercial applications for global customers. Smart automation combined with sustainable IoT creates a promising future for safety, efficiency, and sustainability when it comes to applications for household and commercial buildings.
About Tuya Smart
Tuya Smart (NYSE: TUYA) focuses on smarter living. Tuya's cloud platform connects IoT devices. Tuya builds interconnectivity standards for brands, OEMs, developers, and retail chains across smart devices and industries. Tuya solutions empower partners and customers by improving the value of their products and making consumers' lives easier. Tuya's growing SaaS business offers intelligent business solutions for many verticals. The company's platform has industry-leading data protection and security. Tuya partners with Philips, Schneider Electric, Lenovo, and others to make things smarter.
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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.
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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.
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