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Gatik partners with Ontario government to accelerate R&D for autonomous vehicle technology

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Gatik, an autonomous technology company developing autonomous vehicles for logistics, has been awarded $997,706 in support through Ontario’s Autonomous Vehicle Innovation Network’s (AVIN) R&D Partnership Fund, along with $8 million in industry contribution, to winterize its autonomous driving technology.

To support the work of this project, Gatik has also made use of AVIN’s regional sites across the province to access R&D resources, tools and equipment as well as leveraged AVIN to bring on-board highly skilled Ontario talent.

Since establishing a presence in Toronto in 2019, Gatik has led the way in autonomous middle mile delivery in Canada. The company’s fleet of light and medium duty trucks transports goods on behalf of Fortune 500 retailers, enhancing operational capacity, reducing costs and keeping delivery times short. [Read more…] about Gatik partners with Ontario government to accelerate R&D for autonomous vehicle technology

Honeywell equips Middle East Airlines with new cockpit tech

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Honeywell has signed a selection agreement with Middle East Airlines, the national flag-carrier airline of Lebanon, to provide cockpit technologies to support the airline’s new fleet of 19 aircraft.

The deal, which includes four of Airbus’ latest variant, the A321XLR, will see Honeywell provide its latest full avionics suite to help Middle East Airlines maximize safety and ensure regulatory compliance.

Middle East Airlines’ (MEA) purchase of Airbus aircraft includes 11 A321NEOs, four A330NEOs and four A321XLRs, the latest evolution of the successful A321NEO aircraft. [Read more…] about Honeywell equips Middle East Airlines with new cockpit tech

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

Solar storms could cost USA tens of billions of dollars

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The daily economic cost to the USA from solar storm-induced electricity blackouts could be in the tens of billions of dollars, with more than half the loss from indirect costs outside the blackout zone, according to a new study led by University of Cambridge researchers.

Previous studies have focused on direct economic costs within the blackout zone, failing to take account of indirect domestic and international supply chain loss from extreme space weather.

According to the study, published in the journal Space Weather, on average the direct economic cost incurred from disruption to electricity represents just under a half of the total potential macroeconomic cost. [Read more…] about Solar storms could cost USA tens of billions of dollars