ALBUQUERQUE, N.M., Oct. 14, 2020 /PRNewswire/ — Innovative solar technology company, mPower Technology, today announced that its DragonSCALES™ solar cell prototype has completed integration and testing on a Sparkwing in-orbit solar array technology demonstrator in preparation for inclusion on Momentus’ Vigoride transfer vehicle launch taking place in the fourth quarter of 2020.
DragonSCALES was developed to provide a low-cost, voltage-adjustable, high packing factor and lightweight solar power module that streamlines panel assembly and is designed for the needs of commercial LEO (low earth orbit) satellite constellations.
The Sparkwing team has introduced a groundbreaking new approach towards low cost, fast-delivery solar arrays for smallsats by offering a catalogue approach for standardized solar array models, similar to the automotive industry. The team is interested in mPower’s solar cell technology because of its potential to offer a unique combination of cost and performance benefits for next-gen solar arrays.
Amended Bridge Financing Includes up to $45 Million in New Senior Secured Financing
Birch Lake Fund Management LP, Which Led Senior Bridge Financing Facility in 2019, Returns to Support Faraday Future
Faraday Future (FF), a California-based global shared intelligent mobility ecosystem company, today announced that it has completed the expansion and extension of the senior bridge financing facility put in place in 2019 to support the completion and launch of its flagship FF 91 EV and continue development of the mass-market FF 81. The amended bridge facility includes new senior secured financing of up to $45 million, which matures in October 2021.
As part of the expanded and extended financing agreement, Birch Lake, a Chicago-based merchant bank, has returned to support FF as the majority purchaser of the new senior secured financing. The principals of Birch Lake and co-investor, ATW Partners, a New York-based private equity firm, bring extensive experience
WASHINGTON — The U.S. Army still plans to release of its request for proposals in December to replace the Bradley Infantry Fighting Vehicle, and it wants industry to prioritize an open architecture in its designs.
“The network is almost more important in some ways than building the combat vehicles,” Maj. Gen. Brian Cummings, program executive officer of ground combat systems, told Defense News in an interview ahead of the Association of the U.S. Army’s virtual conference.
The future optionally manned fighting vehicle will need the flexibility to be networked with other capabilities across the battlefield, and designed such that capabilities can plug into the vehicle at the forward edge. This realization was highlighted during the Army’s Project Convergence exercise at Yuma Proving Ground, Arizona, which wrapped up last month and during which an OMFV surrogate played a part.
The Army will focus on the effort to develop OMFV with an
SINGAPORE (Reuters) – South Korea’s Hyundai Motor Co started construction on a research and development centre in Singapore on Tuesday that will house a small-scale electric vehicle production facility.
Speaking at the groundbreaking ceremony, Singapore Prime Minister Lee Hsien Loong said the facility may produce up to 30,000 electric vehicles (EVs) annually by 2025 and represents an investment of S$400 million ($295 million).
Singapore is one of the world’s most expensive places to buy a car and does not currently have any auto manufacturing capacity. But the wealthy city-state has set out ambitious plans to phase out petrol vehicles by 2040.
“Automotive activities are becoming viable in Singapore once again. EVs have a different supply chain, fewer mechanical parts and more electronics, which plays to Singapore’s strengths,” PM Lee said.
A Hyundai spokeswoman confirmed the 30,000 unit target but said that the exact capacity was yet to be determined. The
The global automotive engineering service providers market size is poised to grow by USD 5.31 billion during 2020-2024, progressing at a CAGR of over 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Automotive Engineering Service Providers (ESP) Market 2020-2024 (Graphic: Business Wire).
Disruptive technology-driven trends in the automotive industry have been propelling automotive OEMs to incorporate advanced driver-assistance systems (ADAS) primarily for product differentiation and gain competitive advantage. The significant demand from the consumer end for increased
The “Automotive Communication Technology Market – By Application, By Vehicle Class, and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The global Automotive Communication Technology market amassed revenue worth nearly 7 (USD Billion) in 2019 and will register a CAGR of over 17% during the period from 2020 to 2026.
The report offers assessment and analysis of the Automotive Communication Technology market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Automotive sector has emerged swiftly as a result of growing utilization of electronic control units that has favorably impacted the myriad vehicle subsystem communications. This is anticipated to
Amazon is lifting the hood on one of three custom-designed electric delivery vans it built in partnership with Rivian.
The new vehicle is 100% electric and features various technology such as sensor detection, exterior cameras that provide 360-degree views, Alexa voice integration, and more.
“We combined Rivian’s technology with our delivery logistics knowledge, and the result is what you see here-the future of last mile delivery,” Ross Rachey, director of Amazon’s Global Fleet and Products, said in a blog post.
Rachey noted that Amazon is working to build technology that supports physical charging infrastructure and “enhancements and optimization of our delivery stations.”
Amazon last year announced plans to purchase 100,000 electric vans from Rivian to bolster its delivery fleet; it is also a major investor in the Irvine, Calif.-based company. Amazon led a $700 million round for Rivian last year.
Foxconn Technology, the world’s biggest contract assembler of consumer electronics and main assembler of Apple products, says it has joined forces with a fellow Taiwanese hardware firm to delve further into electric vehicle production as the global market is set to grow.
The assembler founded by one of Taiwan’s richest people, billionaire Terry Gou, formed a “strategic alliance” with Yageo Group, Foxconn announced last week. The alliance will advance Foxconn’s fledgling electric vehicle business by sharing Yageo’s years of experience in EV components along with its knowhow in 5G technology and semiconductor packaging, the statement says.
“Through the cooperation with Hon Hai Group, we are able to enlarge mutual technological benefits and resource sharing to maximize the value of both groups and see multiple growths in the
SEOUL, South Korea, Oct. 5, 2020 /PRNewswire/ — StradVision will reveal its new Advanced Driver-Assistance Systems (ADAS) solution for automotive surround view monitoring at NVIDIA’s 11th GPU Technology Conference (GTC) 2020.
The annual event, held online from October 5 to 9 this year due to COVID-19, has previously attracted more than 45,000 registered attendees. It brings together industry leaders, specialists, developers, researchers, engineers, and innovators looking to enhance their skills, exchange ideas, and gain a deeper understanding of how AI will transform their work.
Available to GTC’s registered attendees as an on-demand presentation, StradVision Platform Engineer Kukhyun Cho’s session will explain how the company’s flagship product SVNet works with Surround View Monitors (SVMs) to form an accurate, 360-degree visualization of a vehicle’s environment. Through a process called Edge Blending, the image edges from front, rear, left, and right cameras are seamlessly fused into one combined image.
(RTTNews) – Bombardier Transportation, the rail technology division of Bombardier Inc. (BBD_B.TO, BBD_A.TO), said Friday it has delivered the first Bombardier Innovia monorail 300 vehicle for Thailand.
The monorails will run on Bangkok’s new Metropolitan Rapid Transit or MRT Pink and Yellow Lines, which will provide 64 kilometres of new rail-based urban transportation links across the city.
Bombardier noted that its scope on the 34.2 kilometer Khae Rai-MinBuri (Pink) and 30.4 kilometer Lat Phrao-Samrong (Yellow) Lines comprises 72 four-car Innovia monorail 300 trains, wayside systems and the automated Bombardier CITYFLO 650 rail control and system integration.
The monorails will be able to run at speeds of up to 80 kilometers per hour and with a maximum system capacity of over 28,000 passengers per-hour, per-direction.
The company noted that the system is being delivered from Bombardier’s Bangkok Engineering Centre with vehicles manufactured by the CRRC Puzhen Bombardier Transportation Systems Limited or