Business News

Partnership addresses clean energy ecosystem

Analog Devices, Inc. (ADI), a global semiconductor leader, and VinFast, a leading Vietnamese electric vehicle (EV) manufacturer will partner to advance Battery Management System (BMS) solutions for Electric Vehicles (EVs) and Energy Storage System (ESS). The joint efforts aim to address key challenges faced by the clean energy ecosystem by driving solutions that help improve battery efficiency and lifetime performance, EV range, and charging times. ADI is at the forefront of enabling the next wave of EVs, boasting a leading position in the automotive BMS market by working with 16 of the top 20 global Original Equipment Manufacturers (OEM)s. ADI also previously introduced the industry’s first wireless Battery Management Systems (wBMS), which eliminates wiring harness and enables scaling of EV fleets via robotic manufacturing and allows flexible and lighter battery packs design. Beyond this, ADI is driving innovation across electric powertrains, immersive cabin experiences and advanced driver assistance systems (ADAS). ADI’s central position is in the clean energy ecosystem, encompassing renewable generation, energy storage, transmission and distribution, and electrified mobility. This unique positioning gives the company a unique perspective into the challenges and opportunities involved in the transition to clean energy. Vietnam’s emergence as a significant semiconductor production hubmarks a pivotal moment in the country’s technological evolution. The Vietnam Automobile Manufacturers Association forecasts that the country will reach 1 million EVs by 2028 and 3.5 million by 2040 demonstrating a substantial shift towards electric mobility in the region. In its capacity as Vietnam’s leading EV manufacturer with global aspirations, VinFast stands to leverage its expertise and industry insights to enhance strategic initiatives within the Vietnamese automotive market. Meanwhile, ADI extends access to the latest BMS solutions, signalling a collaborative effort aiming at driving advancements within Southeast Asia’s EV ecosystem. This push toward electric mobility not only aligns with global trends […]

REDEX to partner TNBX to support Malaysia Green Attribute Trading System platform

REDEX will be an exclusive partner to TNBX to support the development of the Malaysia Green Attribute Trading System (mGATS) into the country’s preeminent digital trading platform for Malaysia Renewable Energy Certificates (mREC). The upgraded platform will provide a new avenue for businesses to conveniently pursue their renewable energy commitments and accelerate the nation’s pursuit of a sustainable energy future. Launched five years ago as an information hub on RECs, the revamped mGATS will leverage REDEX’s innovative technological solutions to facilitate live trading and auctions while providing users with price transparency for mRECs acquisition. REDEX Founder and CEO Kang Jen Wee said, “REDEX is honoured to be chosen by TNBX as a partner for the development of mGATS into a premier digital trading platform for the Malaysian market. We are excited to be part of the country’s journey to create a sustainable future for current and future generations. “This collaboration also deepens our presence in Malaysia and highlights our innovative technological solutions to the wider REC industry. It also paves the way for deploying such similar proven solutions in other countries. Utilising our expertise and experience, REDEX will work closely with TNBX to enable more renewable electricity certification in Malaysia.” A wholly-owned subsidiary of Malaysia’s leading utility company Tenaga Nasional Berhad (TNB), TNBX is the premier one-stop mREC solutions provider for Malaysian consumers and businesses. TNBX Managing Director, Ir. Mohd Razif Abd Halim said, “The revamped mGATS is a significant step forward in Malaysia’s journey towards low carbon energy future. In line with the National Energy Transition Roadmap (NETR), this initiative will promote renewable energy and bolster the country’s ambition to achieve net zero carbon emissions by 2050. “We are pleased to have REDEX, an experienced REC solution provider as our exclusive partner and we look forward to working with […]

SICK and Aicadium to deliver AI solutions to Singapore and Southeast Asia

Advanced sensors and cutting-edge artificial intelligence address the most difficult visual inspection problems In a significant development for the industrial sensor and artificial intelligence sectors, SICK, a leading solutions providers for sensor-based industrial applications, and Aicadium, a global technology company specializing in AI-powered computer vision products, have announced a memorandum of understanding (MoU) to co-develop and commercialise advanced computer vision AI solutions for industry customers in Singapore and Southeast Asia. This partnership will mark a pivotal step towards integrating cutting-edge artificial intelligence with state-of-the-art sensor technology to address critical challenges in industrial and commercial environments. The partnership between SICK and Aicadium will focus on the most challenging customer use cases. It aims to leverage the strengths of both entities to create AI-powered solutions for businesses in Singapore and Southeast Asia, combining SICK’s leading sensor technology with Aicadium’s innovative AI software. With this collaboration, both companies want to revolutionise how the industrial sector tackles high-impact problems with visual inspection by providing advanced AI solutions that enhance efficiency, safety, quality, and productivity. Key aspects of the MoU include: A structured approach to solution development and commercialisation Solutions tailored to meet the technical and business needs of end customers in Southeast Asia Discovery of emerging trends to better address high-impact use cases Use of advanced deep learning and generative AI technologies SICK is renowned for its worldwide operations in developing, producing, selling, and servicing sensors, sensor systems, and sensor-based solutions particularly in the fields of optical sensors, proximity switches, safety technology, encoders, environmental and process measuring technology, identification solutions, material flow automation, traffic systems, and laser measuring systems. “We are thrilled to collaborate with SICK to deliver computer vision AI to a broad base of industrial customers,” said Kezheng Chong, Senior Director of Business Development at Aicadium. “This partnership comes at the right […]

Epicor acquires smart software for AI-Powered inventory planning & optimisation technologies

Epicor has acquired Smart Software, a leading provider of cloud-based, AI-driven inventory planning and optimisation (IP&O) applications, and an existing Epicor ISV partner. The acquisition accelerates Epicor’s delivery of best-in-class ERP solutions that provide practical application of AI across the spectrum of business operations for the make, move, and sell industries. Financial terms were not discloseds “In today’s fast-paced and constantly evolving supply chain landscape, effective inventory management is critical for success,” said Epicor CEO Steve Murphy. “The Smart Software acquisition further accelerates our focus in transforming traditional ERP from a system of record to a system of action, giving Epicor customers AI-powered capabilities to turn inventory into a competitive asset that helps drive up customer service levels and drive down costs.” Smart Software’s Smart IP&O platform is an intuitive, cloud-based portfolio of technologies that leverages patented, probabilistic AI and machine learning models to deliver superior forecasting and “what if” analysis. These models run thousands of simulations of outcomes to deliver precise predictions and avoid unrealistic assumptions, enabling users to better predict demand, stockout risks, and costs. This improves forecasting accuracy, helps users quickly identify and correct inventory imbalances, predict future operational performance, and track actuals. Customers also can use “what if” analysis to test and risk-adjust stocking policies to ensure alignment with their strategic objectives, as well as leverage the platform’s AI to prescribe optimal policies that will yield the highest financial return. As an existing Epicor ISV partner, Smart Software solutions are already integrated with several Epicor ERP platforms, extending functionality to help users make informed, strategic inventory decisions that align with their business goals. Additional benefits include: AI-Driven Operational Efficiency: With this acquisition, Epicor customers can strengthen and streamline inventory management processes, ensuring optimal stock levels. By eliminating manual data entry/data prep and automating demand forecasting while accounting […]

Sweetch Energy to use turnkey process control platform from Rockwell Automation

French renewables startup to leverage extensive domain expertise and global presence to help scale its osmotic power generation technology for the first time Rockwell Automation will support the automation of Sweetch Energy’s unique power generation technology through the deployment of a process control system and remote operations visualisation. Sweetch Energy’s first osmotic demonstrator plant is currently under construction and will soon be operational at the Barcarin lock in Port-Saint-Louis-du-Rhône, France. The company plans to deploy several osmotic stations at the mouth of the Rhône to harness natural osmotic energy. These stations will represent up to 500 MW of carbon-free electricity production capacity, capable of supplying more than 1.5 million people – the equivalent to the population of cities such as Marseille and its surrounding areas, Barcelona, Amsterdam or Montreal. “Sweetch Energy mirrors our own deep commitment to sustainability and the development of enabling technologies,” said Eric Chalengeas, regional vice president, south region, Rockwell Automation. “We are delighted that our process solutions, visualization technology and domain expertise are being deployed in such a fascinating project. As well as helping Sweetch Energy scale and enhance its technology, our global presence will also help it expand into other regions, where we can continue to offer comprehensive global service and support.” Osmotic energy is naturally generated by the difference in salinity between freshwater and seawater. The INOD (Ionic Nano Osmotic Diffusion) technology developed by Sweetch Energy is the first technology of its kind to be marketed on an industrial scale. Manufactured using environmentally friendly bio-sourced materials, the osmotic generators using the technology can be located at any estuary or delta. Water is the only input in the process and is fully returned to the river mouth, with no chemical waste or pollutants created. And, unlike other renewables, it is not dependent on weather conditions […]

Rockwell Automation’s ROKLive Kuala Lumpur event highlights adoption of emerging technologies

The annual event highlights success paths with Artificial Intelligence, Augmented Reality/Virtual Reality, and Robotics for the Southeast Asian region Rockwell Automation hosted its annual ROKLive Southeast Asia event in Kuala Lumpur, Malaysia in early May. With the theme ‘Discover What’s Possible,’ the event showcased the latest innovations in industrial technology such as Artificial Intelligence (AI), cloud-based manufacturing execution systems (MES), and cybersecurity, while addressing key challenges and trends in manufacturing. This year’s ROKLive event served as a platform for customers and partners to dream big and present an opportunity to educate themselves on transformative technologies like AI, Augmented Reality/Virtual Reality (AR/VR), and robotics, discovering how these innovations can help revolutionize their business. The event featured engaging presentations, customer experience sharing, technology updates, industry-focus discussions, and an interactive expo featuring the latest innovations from Rockwell Automation and members of its PartnerNetwork™. Sustainability, cybersecurity, and emerging technologies in digital transformation were among the key points of discussion in the sessions. The event saw high-level knowledge sharing through keynote speeches and forums, where Marcelo Tarkieltaub, regional director, Southeast Asia for Rockwell Automation delivered a keynote on the future of automation, highlighting its potential for simplifying innovation, enhancing flexibility, and boosting performance in complex industrial settings. Apart from key executives and subject matter experts from Rockwell Automation, distinguished guests including The Honourable Fahmi Fadzil, Minister of Communications; The Honourable Tuan Dr. Mohammad Fahmi B. Ngah, Selangor State Minister for Islamic Affairs, Halal Industry, Digital Infrastructure and Technology Innovation; and Ms. Zakiah Sajidan, Director of Machinery and Metal Technology from the Malaysian Investment Development Authority (MIDA), offered invaluable insights during the conference. Speaking on the occasion, Marcelo said: “With the increasing number of transformative technologies in the market, it is important for business leaders to adapt to the evolving market landscape by leveraging innovative solutions […]

Smart Classrooms Aren’t Just for the Urban Elites – BenQ Helps Bring Educational Equity to Life

Looking after tomorrow. India and Indonesia are kindred spirits of sorts; they are both countries with large populations that are incredibly diverse in their language, culture, and religion. What also makes them similar is the importance they place on education, especially as a driver of national growth and development as well as inclusivity and equality. While both countries have made good progress in improving the quality and accessibility of education, they both continue to see a digital and educational divide, especially between rural and urban areas. According to the latest findings, rural children still have much room for improvement in terms of foundational skills such as reading and arithmetic. Currently, only 60% of rural youth can read simple English1. Likewise in Indonesia, rural children lag behind their urban counterparts, and less than six in ten primary school children in West Java achieved the minimum national benchmark in reading and a quarter in mathematics2. BenQ sought to make education more equitable through collaboration with the Ranjitsinh Disale Foundation in India and via the BenQ X Nuadu Training Program for Schools in Indonesia. “We believe access to quality education isn’t just the privilege of a select few, but a basic human right for all,” said Mr. Jeffrey Liang, President of BenQ Asia Pacific. “We aim to ensure educational equity and empower rural educators to maximize EdTech tools with our promise to help them ‘Teach Your Way’.” Bringing the Smart Classroom to Rural Schools in India In September of 2023, BenQ announced a partnership with Ranjitsinh Disale Foundation with a common goal of raising the quality of education in rural India through the adoption of smart classrooms. The foundation was started by Ranjitsinh Disale – an acclaimed Indian educator and the only Indian winner of the Global Teacher Award. Through this partnership, 20 […]

CeMAT Southeast Asia – Unveiling the Future of Intralogistics

CeMAT Southeast Asia, the leading global trade event for warehousing, intralogistics and materials handling, will be happening in Singapore from 15 May to 17 May 2024, at the Singapore EXPO. As the premier platform for showcasing the latest industry innovations and industry 4.0 for the future of intralogistics, warehousing, automation, materials handling and supply chain management, the trade show promises an unparalleled experience for attendees. CeMAT Southeast Asia, organised by Hannover Fairs Asia Pacific, a subsidiary of Deutsche Messe, serves as a comprehensive hub of leading technology and service providers in the intralogistics industry. CeMAT events draw over 100,000 attendees at exhibitions around the world. The growing demand for advanced intralogistics technologies and the adoption of industry 4.0 are driving demand. Singapore’s intralogistics market was valued at USD 43.13 billion in 2023, and is predicted to reach USD 115.9 billion by 2030, with a CAGR of 15.0% from 2020 to 2030, according to new research by Next Move Strategy Consulting. With a diverse array of exhibitors, CeMAT will present a one-stop-shop for attendees to explore cutting-edge solutions and best practices across various sectors, including e-commerce, manufacturing, food industry, pharmaceutical, FMCG, supply chain management and retail. “We are thrilled to bring CeMAT back to Southeast Asia, reaffirming our commitment to fostering innovation and collaboration in the intralogistics and materials handling sectors. Singapore is positioned as the international gateway to Southeast Asia and a recognised global logistics hub, making this the ideal location for the next chapter for CeMAT. This event provides attendees an opportunity to witness first-hand the latest innovations, technologies and trends with leading subject experts”, said Tim Bostridge of Hannover Fairs. In addition to the exhibition floor, CeMAT will feature a free show floor theatre featuring knowledge sessions and dedicated local content during Singapore Hour. Attendees can access a […]

Unlocking Growth: BLT achieved revenue of around USD170 million in 2023

In the ever-evolving landscape of additive manufacturing, BLT stands as a pioneer in the field. The fiscal year 2023 marked yet another milestone for the company, with its financial report showcasing impressive growth and unwavering dedication to excellence. Financial Highlights BLT’s financial performance in 2023 was nothing short of exceptional. With operating income surging to an impressive approx USD 170 million, representing a robust 34.24% increase compared to the previous year, the company demonstrated its resilience and agility in navigating challenging market conditions. The net income attributed to shareholders witnessed a significant rise, soaring to approx. USD 19.6 million, marking a notable increase of 78.11% year-over-year. Revenue breakdown by industries reveals a strong foothold in key sectors: Aerospace & Aviation comprising 56.02%, Industry with 37.32%, and Research Institute contributing 5.64%. Revenue from customised 3D printing products, self-developed 3D printing equipment, and 3D printing raw materials saw significant increases of 34.45%, 26.46%, and an impressive 98.98% respectively compared to the prior year. This growth can be attributed to BLT’s continued emphasis on the aerospace sector, coupled with its proactive exploration of new markets and applications. These figures underscore BLT’s strong position in the market and its unwavering commitment to delivering value to shareholders and stakeholders alike. (Exchange Rate: 1 USD = 7.23 CNY, March 28, 2024) A Comprehensive Metal AM Solution Provider As of December 31, 2023, BLT boasted a workforce of 1,720 employees, with approximately 30% dedicated to research and development efforts. The company’s extensive infrastructure, comprising over 440 sets of additive manufacturing equipment, and over 120 sets of complementary analysis and testing equipment, solidified its position as the largest metal additive manufacturing industrial base in the world. At its core, BLT specializes in industrial-grade metal additive manufacturing, offering customers a comprehensive solution for their metal additive manufacturing needs. By […]

Veolia Water Technologies expands mobile water services capabilities in Malaysia

The deployment of three new mobile assets in Malaysia strengthens the support to customer business operations. Comprising two reverse osmosis (RO) systems alongside an Orion™ unit, the units increase water treatment capabilities by over 50% to sustain optimal production levels while ensuring the quality and quantity of essential process water. In a bid to strengthen its support for customers in the region, Veolia Water Technologies, a subsidiary of Veolia and a leading specialist in water treatment technologies and services, unveils the deployment of three new mobile assets in Malaysia. This initiative underscores Veolia’s commitment to safeguarding business operations and communities but also contributes to creating a sustainable and healthier world by delivering high-quality water solutions. Comprising two reverse osmosis (RO) systems alongside an Orion™ unit, the new mobile water treatment assets will increase Veolia’s mobile water treatment capabilities by over 50% and play a crucial role in supporting customers in the region. By efficiently treating more water within shorter time frames, Veolia empowers its clients to sustain optimal production levels while ensuring the quality and quantity of their essential process water. The mobile RO systems, MORO-4x25C, are powerhouses capable of treating and producing up to 100 m3/h of water single pass treatment (50 m3/h for double pass) compared with the existing MORO25C units that manage a production rate of 25 m3/h. With more water treated within a shorter time frame, Veolia’s customers are better empowered to minimize disruptions to production during critical periods of plant downtime or repair work — ensuring a seamless continuity of operations. In addition, the mobile Orion 6000S is a game-changer in elevating water purity standards for pharmaceutical applications. With the ability to produce up to 10 m3/h of mobile purified water, complemented from the existing Orion 4000S unit, the new Orion unit is the […]

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