BASF, one of the largest chemical manufacturers, got approval for the fungicide, Revysol, for improved farm management. Revysol is the first isopropanol-azole that has been approved to be used in the European market. Revysol would be used for cereal crops, and the first usage of Revysol in cereal crops is expected by 2019–2020. Its usage would help the farmers in managing their farm more efficiently and in reducing weather-related risks. It also delivers higher and more consistent yields, which would maximize the income of the farmers.
Boeing introduced the Boeing Airpower Teaming System, a new unmanned system which will be designed and developed by Boeing Australia with investment from the Australian Department of Defence. The unmanned aircraft model was introduced at the Australian International Airshow by the Australian Minister of Defence, Mr. Christopher Pyne. Boeing (US) and the Australian government will manufacture and demonstrate the concept aircraft. The prototype aircraft will offer major findings and insights for the development and production of Boeing Airpower Teaming System. The prototype, named Loyal Wingman, is Boeing’s biggest investment in new unmanned aircraft program outside of the US. According to Boeing, the aircraft will be integrated with advanced sensors to perform electronic warfare, intelligence, surveillance, and reconnaissance missions. The aircraft will be enabled with artificial intelligence capability to fly alongside piloted aircraft during missions.
French renewable energy company Total Eren has agreed to buy Novenergia Holding Company, a Renewable power producer, in a deal worth more than 1 billion euros. Considering Total Eren’s presence in France, Greece, and Italy, it is evident that with this deal they are gifted with a massive opportunity of expanding their presence in almost the entire Southern Europe.
Daimler announced that it had partnered with Microsoft to successfully move its on-premises big data platform to Microsoft’s Azure cloud. The new platform “eXtollo” will be Daimler’s first major service to run on the cloud.
On January 9, 2019, TDK-Lambda (Japan) completed the acquisition of Nextys, headquartered in Switzerland. This acquisition is expected to enhance the DIN rail power supplies and accessories portfolio of TDK-Lambda. Nextys, a company involved in designing and manufacturing of DIN rail power supplies and accessories that already compliments the TDK-Lambda’s solution. With the integration of Nextys power supplies and expertise, TDK-Lambda will be able to offer its products in the market such as medical equipment, semiconductor-manufacturing equipment, and renewable energy equipment, and further improving the bottom-line of its core customers.
Analysis by MarketsandMarkets™:
According to Ashish Mishra Associate Manager: Semiconductor and Electronics at MarketsandMarkets™ shares his point of view as mentioned below:
The inclusion of Nextys’ innovative products/solutions for DIN rail powered equipment to the portfolio of TDK-Lambda, the leading market player in industrial power supplies, will consolidate the prospect of development business for both players. As DIN rail power supply market is growing much faster than many other segments and the specialist expertise of the Nextys will enhance TDK-Lambda’s position as market leader in the power supplies segment. The acquisition of Nextys’ by TDK-Lambda will further strengthen its capabilities into the power supply market.
Power Supply Market:
A power supply is a device that accepts an AC power input, rectifies and filters it and then applies the resulting DC voltage to a regulator circuit that provides a constant DC output voltage. There are wide varieties of AC-DC and DC-DC power supplies that can have an output voltage from less than 1 V to thousands of volts and output power ranging from 0.1 W to thousands of watts. AC-DC and DC-DC power supply applications from verticals such as lighting, industrial, consumer electronics, and medical are driving the power supply market by integrating it in various devices such as street lighting, home lighting, wearable bands, smartphones, and patient-monitoring devices. The power supply market is estimated to grow from USD 25.00 billion in 2017 to USD 34.92 Billion by 2023, at a CAGR of 6.7% from 2018 to 2023.
Source: MarketsandMarkets™ Analysis
Care4u 2’-FL is a human milk oligosaccharide (HMO). HMOs are the third-most-abundant solid component of breast milk that promote infant health by supporting digestion, building immunity, and cognitive development through changes to the microbiome. Commercially produced HMOs such as CARE4u can provide some of the health benefits of the HMOs present in human milk, helping to close an important gap between human milk and infant formula.
Lyft’s recent announcement to introduce its IPO or initial public offering is likely to help the company gain an edge over its major competitor Uber. Lyft is estimated to go public with a valuation of USD 25 billion compared to a USD 120 billion valuation of Uber. With this development, Lyft will become the first mobility startup to go public.
The New South Wales Labor party leader Michael Daley has announced that an NSW Labor government, if elected, would help supply half a million new solar systems on NSW roofs, establish a new state-owned power company to deliver a further one gigawatt of renewable energy and storage, and deliver seven gigawatts of extra renewable energy by 2030. This will help power about three million households and cut down the state’s carbon emissions by 12%.
Banco Santander S.A. has signed a five-year global technology agreement with IBM for the faster and deeper digital transformation of its business processes.
Marrone Bio Innovations, a developer and producer of biological crop protection solutions, received patent approval from the United States Patent and Trademark Office on 13th February 2019 for its MBI-110 Bacterium, which is designated as an antifungal and growth promotion composition.