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Ekso Bionics in $100 million joint venture to develop the exoskeleton market in Asia

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Ekso Bionics, Inc. is to establish a joint venture to develop and serve the exoskeleton market in China and other Asian markets and to create a global exoskeleton manufacturing centre.

It will partner with Zhejiang Youchuang Venture Capital Investment Co., Ltd (ZYVC) and Zhejiang Silicon Paradise Asset Management Group.

The joint venture will develop, sell and support exoskeleton products into China, Hong Kong, Singapore, and Malaysia, and will be capitalized at greater than $100 million over its term.

[Read more…] about Ekso Bionics in $100 million joint venture to develop the exoskeleton market in Asia

Yara and IBM join forces to transform the future of farming

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Yara International, a crop nutrition company, and IBM, have signed an agreement to build the world’s leading digital farming platform, providing holistic digital services and instant agronomic advice.

Yara and IBM Services will jointly innovate and commercialize digital agricultural solutions that will help increase global food production by drawing on the two companies’ complementary capabilities.

Yara’s agronomic knowledge, backed by more than 800 agronomists and a century of experience, and IBM’s digital platforms, services, and expertise in artificial intelligence and data analytics. [Read more…] about Yara and IBM join forces to transform the future of farming

Sony and Docomo to test driverless concept vehicle via 5G trial network in Guam

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Sony Corporation and NTT Docomo, Inc. will jointly trial Sony’s conceptual driverless vehicle, the New Concept Cart SC-1, which uses 5G mobile technologies for various remotely controlled functions.

The test will be conducted using the trial network in Docomo 5G Open Lab Guam, which will provide test facilities and an outdoor verification environment constructed by Docomo.

The test will verify data transmission and operational performance required to remotely control the cart from a long distance via the extra-high speed, large capacity, low latency and massive-device connectivity.

[Read more…] about Sony and Docomo to test driverless concept vehicle via 5G trial network in Guam

Hyundai and H2 Energy sign joint venture deal on hydrogen mobility in Europe

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Hyundai Motor Company and H2 Energy AG have signed a contract for a joint venture, Hyundai Hydrogen Mobility, aimed at taking a lead across Europe’s burgeoning hydrogen mobility ecosystem.

To begin the joint venture’s operations, Hyundai Motor will deliver 1,600 fuel cell electric heavy-duty trucks to Hyundai Hydrogen Mobility from 2019 through 2025.

The venture will then lease a large portion of these fuel-cell powered trucks to the H2 Mobility Switzerland Association, which comprises major refuelling station operators, transport and logistics companies, as well as to various other industry players that promote hydrogen mobility in Switzerland. [Read more…] about Hyundai and H2 Energy sign joint venture deal on hydrogen mobility in Europe

Motors giant Nidec enters into $260 million joint venture with automaker PSA

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Nidec, one of the world’s largest suppliers of motors and other industrial components, has entered into a joint venture with global automaker PSA Group.

The “Nidec-PSA emotors” joint venture has been created by Groupe PSA and Nidec to initiate the design of “future electric motors”.

Shigenobu Nagamori, CEO of Nidec, and Carlos Tavares, CEO of Groupe PSA, endorsed the establishment of Nidec-PSA emotors, saying the new business will be “dedicated to the design, development, manufacture and sale of electric traction motors”.  [Read more…] about Motors giant Nidec enters into $260 million joint venture with automaker PSA

Intuitive Surgical to develop products in China with Shanghai Fosun

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Intuitive Surgical and Shanghai Fosun Pharmaceutical have formed a joint venture to research, develop, manufacture and sell innovative, robotic-assisted catheter-based medical devices.

The joint venture between Intuitive Surgical, the global leader in robotic-assisted minimally invasive surgery, and Fosun Pharma, a leading healthcare group strategically comprising the complete value chain, will initially produce products targeting early diagnosis and cost-effective treatment of lung cancer, one of the most commonly diagnosed forms of cancer in the world.

The technology will be used in robotic-assisted medical devices based on catheters, and incorporates proprietary intellectual property developed or owned by Intuitive Surgical.  [Read more…] about Intuitive Surgical to develop products in China with Shanghai Fosun

Volvo and Autoliv to create joint venture to develop autonomous driving technology

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Autoliv, a provider of advanced driver assistance systems, and Volvo Cars, the car maker, have agreed to form a new jointly-owned company to develop next generation autonomous driving software.

The planned new company will have its headquarters in Gothenburg, Sweden, and an initial workforce taken from both companies of around 200, increasing to over 600 in the medium term. The company is expected to start operations in early 2017.

Once finalized, the joint venture will be a new entrant in the growing global market for autonomous driving software systems. It will mark the first time a leading premium car maker has joined forces with a tier one supplier to develop new advanced driver assist systems and autonomous driving technologies.  [Read more…] about Volvo and Autoliv to create joint venture to develop autonomous driving technology