MGI Tech Launches DNBSEQ-G400RS FluoXpert in the APAC Region at Medlab Asia & Asia Health 2024

BANGKOK, July 13, 2024  — MGI Tech Co., Ltd. (“MGI”), a company committed to building core tools and technologies that drive innovation in life science, launched DNBSEQ-G400RS FluoXpert in the APAC region and opened early access to the platform at Medlab Asia & Asia Health 2024. Integrating high-throughput sequencing and multiplex immunofluorescence (mIF) staining, DNBSEQ-G400RS FluoXpert challenges conventions and pushes the limits of life science and technology as a multi-functional sequencer that is compatible with in vivo spatial protein detection.

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“We are excited to present our DNBSEQ-G400RS FluoXpert to international customers and partners,” said Dr. Roy Tan, General Manager of MGI Asia Pacific. “Recent developments in pathology have been pointing towards automation and multiplexed spatial phenotyping among other trends. DNBSEQ-G400RS FluoXpert is a fully automated high-plex multi-omics instrument that combines both DNA/RNA and protein analysis in one, offering a powerful and cost-effective upgrade from conventional pathology and spatial proteomics tools.

What If your sequencer can do in vivo spatial protein detection?

“Cancers with high somatic mutations, which are highly prevalent in the APAC region, are known to be potentially more responsive to immunotherapies,” said Dr. Meng Yang, Assistant General Manager and VP of MGI R&D. “The G400 sequencer, recognized globally as the most extensively utilized, has consistently offered an economical platform for professional sequencing analysis. Today, we are thrilled to introduce our gradable multiplex spatial phenotyping tool, set to enable spatial biomarker discovery and revolutionize immunotherapeutic research.”

Supported by MGI’s DNBSEQä technology and a highly efficient mIF staining technology, DNBSEQ-G400RS can be turned into DNBSEQ-G400RS FluoXpert with a simple software upgrade, enabling users to obtain both molecular information and cellular morphological on the exact same platform, switching between sequencing and staining for high efficiency. Given that the same equipment may be used for multiple tasks, it is suitable for a wide range of applications in tumor classifications, disease prognosis, tissue microenvironment analysis, and more.

Adhering to principles of systemization and modularization design, DNBSEQ-G400RS FluoXpert integrates optimized hardware, state-of-the-art biochemistry and innovative software for an all-in-one multi-omics experience. The comprehensive and versatile DNBSEQ-G400RS benchtop sequencer is equipped with optimized optical, mechanical, fluidics and electrics systems, empowering a more rapid and streamlined sequencing process.

On the other hand, the platform comes with the easy-to-use and highly flexible FluoXpert mIF reagent set. It is compatible with both frozen tissue and FFPE samples, as well as off-the-shelf antibodies, eliminating the need for a complex conjugation process. Available in standard and customized options, it is backed by highly efficient autofluorescence quenching reagent and a mild but efficient elution technology, promising low residual signal and optimal antigen preservation.

In addition, the FluoXpert program supports a fully automated process of fluorescence staining and high-resolution scanning and imaging. Equipped with highly customizable protocol, it provides real-time image visualization, antibody library management, as well as independent wash and elution. The resulting images are high in quality with seamless stitching and 20x subcellular resolution (360 nm per pixel). Thanks to efficient fluid exchange and mild elution reagents, sample tissue remains intact despite multiple rounds of staining, boasting robust reproducibility.

At 50 minutes per cycle, DNBSEQ-G400RS FluoXpert is tripled the speed of conventional manual staining and imaging, making it highly suitable for multiple staining cycles. Based on different flow cells of choice, its optimal throughput ranges between 20 to 40 sections per week(calculated under 8*5) on the standard 6-plex staining kit, while the highest throughput can reach up to 140 sections per week (calculated under 24*7) on the same kit. Results generated showed no significant difference between mIF and the gold standard IHC, demonstrating great performance in spatial protein identification and making it a strong platform for use in different fields of proteomics research.

Despite 2023 Decline, Cat-1bis and RedCap are Bright Spots for IoT Cellular Module Market

NEW YORK, July 13, 2024 — Inventory stacking, a response to the Covid-19 pandemic, drove cellular module growth in 2021 and even into 2022. However, in 2023 it was a major headwind, driving a shipment decline of over 5% relative to 2022. What has buoyed the spirits of the cellular module market has been the growth of Cat-1bis. According to a new report from global technology intelligence firm ABI Research cellular module forecasts show that Cat-1bis will replace nearly 70% of the Cat-1 market by 2029.

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For years, many Cat-1 IoT devices were designed using only a single antenna which sometimes required carrier approval for use on their networks. LTE networks are ubiquitous with good coverage hence a single antenna was sufficient. But what device OEMs and chipset vendors realized is that Cat-1 module costs can be reduced even more by building a dedicated Cat-1bis chipset with send and receive functions delivered over a single antenna. Not only could power consumption be lowered but also component costs. The Cat-1bis standard in 3GPP Release 13 formalizes the common, yet informal use of single antenna Cat-1 devices. The original Cat 1 specification in 3GPP Release 8 required two antennas.

Commenting on the new data, Dan Shey, Vice President, Enabling Platforms at ABI Research, says, “Like many new developments in the cellular IoT market, China is leading with deployment of Cat-1bis. Outside of China, Cat-1bis penetration is much lower since it is typically the replacement technology for new device designs. Regardless of region, based on the benefits of Cat-1bis relative to other cellular technologies, we see Cat-1bis becoming the number two technology choice for cellular IoT applications by 2029.”

Cat-1bis benefits include lower cost – outside of China Cat-1bis modules are at least 30% cheaper with even greater reductions seen in China. Network roaming is also a benefit as 4G roaming agreements are well established unlike the challenges seen today with NB-IoT and Cat-M. Finally, the Cat-1bis standard formalizes the use of a single antenna. The only question which will vary by use case and application is connection reliability for stationary applications. For battery-powered IoT applications, fixed placement of a Cat-1bis device where cellular network coverage is poor could shorten battery life as single antenna devices struggle to connect to the cellular network.

But there is also another view of Cat-1bis in the market. According to Shey, “Presently it is unclear if the chipset vendors will invest in new Cat-1bis chipsets. At Mobile World Congress, and more recently at Asia Tech Expo, RedCap was being pushed not only by module suppliers, but also the device OEMs and the chipset community. 5G RedCap is creating an opening to drive 5G device volumes in the IoT domain. The calculus by the 5G supplier community is 5G capabilities – low latency, location granularity, and future proofing against LTE sunsets, will convince more customers to invest in these higher revenue products.”

Sennheiser Debuts Ew-d Series in the Philippines

MANILA, Philippines, July 13, 2024– Sennheiser, the global leader in audio technology, is thrilled to announce the release of the highly-anticipated EW-D Series in the Philippines at their EW-D Launch event on 17 and 18 July 2024. This groundbreaking series is set to redefine professional audio standards, offering unmatched sound quality and reliability across various use-cases. The EW-D series, consisting of the robust EW-D, the advanced EW-DX, and the portable EW-DP, is designed with the needs of sound professionals in mind. This range of cutting-edge audio gear has been built to cater to diverse audio needs, whether it’s for recording studios, live gigs, broadcast events, or for personal enjoyment.

EW-D Series and the XSW IEM

The Sennheiser EW-D Series is made up of EW-D, EW-DP, and EW-DX which will be showcased alongside the XSW IEM at the launch. These devices bring professional-grade audio quality to a variety of environments.

The EW-D offers ultimate flexibility and durability, making it adaptable to any scenario while providing unmatched sound performance. Its scalability is perfect for anything from small venues to grand arenas.

The EW-DP, designed with portability in mind, delivers premium sound on-the-go, with a light yet robust design, perfect for touring or event professionals requiring top-grade audio equipment.

Meanwhile, the XSW IEM, is an in-ear monitoring system which functions to provide personalized, high-quality audio directly to the user. It is primarily engineered for on-stage performers to listen to their performance during live events.

Spotlighting the EW-DX

Taking centre stage of this launch is the EW-DX, the premium offering in this series. The EW-DX, with its top-tier EM 2 technology, delivers pristine audio quality unlike anything on the market today. Its seamless combination of impeccable sound integrity, robust durability, and user-friendly design makes it the go-to tool for artists, technicians, and audiophiles, ensuring exceptional audio experiences and performance.

EW-DX wireless microphone systems simplify your professional workflow by utilising refined technologies and decades of research to deliver a digital UHF system that can be scaled with ease. With its advanced feature set and hardware options, live productions benefit from a network-ready system that is designed to integrate seamlessly. The system quickly assesses your environment and uses equidistant channel spacing to deploy frequencies while tools like Sennheiser’s Control Cockpit, Wireless Systems Manager, and Smart Assist App allow you to monitor your system remotely. In-device charging, 12-hour battery operation, and switching bandwidth up to 88 MHz are only a few more of the many features that make EW-DX the right tool for the job.

Experience Beyond Words: Discover Remarkable Sound

While we can speak to the technical specifications and superior engineering of the Sennheiser EW-D Series, its immersive audio experience is truly beyond words. It’s not just heard but felt profoundly – sweeping you into a world where every note is sharper, every beat more resonant, and every lyric more intimate. Sennheiser invites AVL rental companies and Houses of Worship to join the official product launch of the EW-D Series which takes place on 17 and 18 July. Experience interactive product demonstrations, groundbreaking performances by local artists including Grace Note, and discover the transformative potential of the EW-D series. Exclusive purchasing options for these innovative Sennheiser products will also be made available at the event.

The launch of Sennheiser’s EW-D Series is not only a new chapter for the company but also a revolutionary moment for the sound industry in the Philippines. Attendees at this interactive launch event are encouraged to experience firsthand the exceptional audio quality, versatility, and reliability that Sennheiser’s EW-D series offers.

Sennheiser invites attendees to experience studio-quality sound and world-class technology, while exploring its new line of EW-D products. This is an excellent opportunity for those keen on updating their audio equipment, exploring new sound technologies, or simply curious about the EW-D Series’ potential on stage.

Recognizing AI’s Impact: AI Appreciation Day

12/07/2024- AI Appreciation Day celebrated on July 16, is an opportunity to recognize the incredible advancements in artificial intelligence that have transformed our lives. From streamlining everyday tasks to revolutionizing entire industries, AI has become a crucial component of modern society. AI, a branch of computer science, creates systems capable of performing tasks that usually require human intelligence.

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Experts highlight the vast potential of AI across sectors such as healthcare, finance, agriculture, education, and manufacturing. Intelligent AI systems collaborate seamlessly with humans to solve complex problems, enhancing efficiency and effectiveness.

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Rajarshi Bhattacharyya, Co-Founder, Chairman and Managing Director, ProcessIT Global:

“In today’s digital era, the sheer volume of data processed by organizational networks makes manual monitoring and establishing security a formidable challenge. Traditional cybersecurity approaches struggle to keep pace with the constantly evolving and sophisticated threat landscape. AI solutions, however, leverage advanced algorithms to analyze vast amounts of data in real time and provide 24/7 security monitoring. On this AI Appreciation Day, we celebrate the incredible advances AI has made in securing our digital networks. AI excels in strengthening threat detection and prevention, enabling real-time monitoring, and enhancing incident response capabilities. At ProcessIT Global, we recognize the immense potential AI holds in building a secure and safer digital future for both organizations and individuals, and we remain committed to harnessing its power.”

Chetan Jain, Founding Executive Director, and Managing Director, Inspira Enterprise:

“On AI Appreciation Day, we at Inspira Enterprise, reaffirm our commitment to leveraging AI to create a positive societal impact. AI-powered security systems excel in detecting and analyzing vast datasets, and quickly identifying potential threats. By combating sophisticated threat actors and enhancing threat detection, AI streamlines security processes, improves incident response times and minimizes human intervention and fatigue. The rapid integration of AI in cybersecurity is reshaping governance and user interaction. By harnessing AI ethically and transparently, we are not just advancing technology but also fostering innovation and inclusivity that transcends boundaries.”

New Relic Launches the First Fully-Integrated, AI-Driven Digital Experience Monitoring Solution

BANGALORE—July 12, 2024—New Relic, the intelligent observability platform, launched the industry’s first fully-integrated, AI-driven Digital Experience Monitoring (DEM) solution to optimize app performance and proactively prevent interruptions in digital experiences. The enterprise-grade solution offers end-to-end visibility and real-time insights across mobile, web, and AI apps, enabling organizations to deliver high-quality digital experiences across all touchpoints, with new features like New Relic mobile user journeys, New Relic mobile logs, and enhancements to New Relic session replay.

DEM is more critical than ever, especially for AI adoption

Interruptions in digital experiences—such as apps not loading or performing slowly—can erode customer satisfaction, cause customers to abandon carts or leave bad reviews, and result in lower conversion rates and missed opportunities that ultimately impact revenue. This situation is worsened with the pressure to adopt fast-evolving AI technologies like chatGPT that can produce unreliable results and further damage brand reputation. New Relic DEM, part of the New Relic observability platform, monitors real user interactions across all applications, including AI applications, helps identify incorrect AI responses, and flags user friction points. This ensures frictionless and consistent experiences wherever users interact, allowing enterprises to adopt AI with confidence.

Integrated DEM delivers real-time insights for uninterrupted digital experiences

Most enterprises today struggle with multiple user monitoring point solutions that create disjointed partial views of their digital experiences. New Relic DEM is the only integrated solution that combines real user monitoring (RUM) capabilities like browser monitoring, mobile monitoring, and synthetic monitoring, with APM 360, errors inbox, and AI monitoring in a single platform, out of the box. This provides enterprises with an end-to-end view of their customer experience and insights in the context of their entire application stack, helping them measure the health and performance of applications and underlying network and infrastructure from a user point of view. It enables them to pinpoint the root cause of issues and quickly resolve them. It also allows for a better understanding of user behavior and journeys within the apps, helping to design new app features that delight users and drive engagement.

“As streaming services across India and the world gear up for the record breaking viewership of the Paris Olympics, they must do everything they can to prevent buffering screens and frozen replays. When even the slightest delay can lead to customer churn, poor reviews, or lost subscribers, every second matters,” said New Relic Field Chief Technology Officer, APJ Peter Marelas. “New Relic enables streamers to proactively manage and optimise digital experiences in real-time; enabling them to host uninterrupted live events for every viewer across all devices – laptop, smart TV, mobile or tablet – even during peak times.”

New Relic’s advanced DEM capabilities drive business outcomes:

Superior insights without the high costs: The only session replay solution that automatically captures 100% of incidents and records critical user actions leading up to each incident, offering superior insights without the expense of recording every single session.

The most comprehensive list of mobile platforms: Comprehensive mobile log management supports a wide range of platforms (iOS, Android, watchOS), and popular hybrid frameworks (Xamarin, .NET MAUI, React Native, Flutter, Cordova, and Ionic Capacitor). This enables organizations to detect and mitigate risks across the mobile ecosystem, proactively addressing issues that affect customers.

Actionable user journeys without event duplication: The only mobile user journeys solution to provide automatic, dynamic, nonlinear charts without event duplication. It delivers detailed insights beyond basic page views, including breadcrumbs, HTTP events, and handled exceptions, facilitating quicker issue resolution and enhancing mobile user experiences.

New Relic DEM is available now, with flexible pricing to accommodate businesses of all sizes. For more information, visit:

  • New Relic DEM webpage
  • New Relic DEM Data Sheet
  • New Relic DEM blog post
  • New Relic mobile user journeys blog post
  • New Relic session replay blog post
  • New Relic log management webpage

IoTechWorld to Unveil Agribot MX Drone at the 22nd CODISSIA Agri Intex in Coimbatore

Coimbatore, India – July 12, 2024 – IoTechWorld, a leader in agricultural drone technology, is set to make waves at the 22nd CODISSIA Agri Intex, held from July 11th to 15th at the Codissia Trade Fair Complex in Coimbatore, Tamil Nadu. The company is thrilled to unveil its latest innovation, the Agribot MX drone, specifically designed for the southern states of India and for progressive farmers advanced spraying requirements.

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As India’s number one agricultural drone, Agribot represents the pinnacle of advanced farming technology, aimed at revolutionizing the agriculture sector with advanced solutions that enhance productivity and sustainability. Visitors to Stall No. 5, Hall H, will have the exclusive opportunity to witness the Agribot MX drone, including the AGRIBOT A6 and the DRISHTI surveillance drone. The Agribot MX drone features cutting-edge technologies including Radar based ADAS (Advanced Drone Assistance Systems- drone detects obstruction and reroute automatically) and Terrain Following capabilities, offers Real-time data transmission to the cloud accessible through an intuitive dashboard on computer or AGRINET app on mobile phone, powered by a high-quality Lithium-Ion battery with 25200 mAh which helps in spraying on 3 acres per charge and has life of more than 500cycles.

Speaking on the participation Mr. Deepak Bharadwaj, Co-Founder & Director said “The 22nd CODISSIA Agri Intex underscores our dedication to advancing agricultural technology in India. We are committed to bring advancement in Indian Agri Sector. We have developed many spray service partners who are earning more than Rs.10lakh per year using our drones. We are proud to say that AGRIBOT is a machine which delivers value to Agri Entrepreneurs, Farmers and to society also. This launch not only underscores our commitment to revolutionizing farming practices but also signals our strategic expansion into southern states.

IoTechWorld is committed to advancing agricultural technology in India, said Mr. Anup Upadhyay, Co-Founder & Director at IoTechWorld. “Today marks a significant leap forward for IoTechWorld as we unveil the Agribot MX, our latest innovation in agricultural drone technology. We are proud to manufacture all our drone components in India, aligning with the Make in India initiative and contributing to the country’s technological self-reliance”. We are excited to bring our cutting-edge solutions closer to farmers, empowering them with advanced tools tailored to enhance productivity and sustainability in agriculture”

In addition to showcasing their drone fleet, IoTechWorld will highlight the indigenously manufactured components of their drones, proudly supporting the Make in India initiative. This commitment to domestic manufacturing not only strengthens the local economy but also ensures the highest standards of quality and innovation in drone technology.

With this launch IoTechWorld is planning to expand its footprint in southern states and is actively seeking channel partners to enhance distribution and service capabilities across the region.

Innovation takes center stage at the inaugural International GenAI Conclave, Kochi

Kochi, India – 12th July 2024: The Government of Kerala and IBM inaugurated India’s first International GenAI Conclave at Kochi. The event was presided by the Hon’ble Chief Minister of Kerala, Shri Pinarayi Vijayan, Dinesh Nirmal, Senior Vice President, Products, IBM Software, the Hon’ble Minister for Law, Industries and Coir, Government of Kerala, Shri P. Rajeev and other dignitaries from the Govt. of Kerala and IBM.

International GenAI Conclave, Kochi

The two-day event brings together eminent international and Indian technology experts, industry leaders, policymakers and academia to deliberate on the potential of GenAI, trends, its challenges and opportunities. The International GenAI Conclave also highlighted and showcased the role of GenAI in building innovative solutions that deliver impact for the industry, government, start-ups and student communities.

Speaking at the occasion, Hon’ble Chief Minister of Kerala, Shri Pinarayi Vijayan said, “Kerala is proud to host India’s first GenAI Conclave that will serve as a platform for new ideas, collaborations and innovations. This milestone has paved the way for Kerala to become India’s nerve center in making indigenous contributions in the field of GenAI. Our government is dedicated to leveraging AI for sustainable development, bettering governance, easing way of life and accelerate transformation across all sectors including industries.

In his keynote address, Dinesh Nirmal, Senior Vice President, Products, IBM Software said, “India’s vibrant developer and start-up community, robust digital infrastructure, innovation prowess and ambition, will define the future of AI. Increasing investment in generative AI education, upskilling and applications will create a remarkable opportunity not only for India, but the world.”

Dreame Technology Launches Next-Gen L10s Pro Ultra Heat with MopExtend Technology and Auto Maintenance

New Delhi, 11th July 2024: Dreame Technology, a leading global brand in smart home cleaning appliances, announces the launch of its latest innovation – the Dreame L10s Pro Ultra Heat. Designed to provide a worry-free life, this flagship robot vacuum and mop features powerful cleaning capabilities, one for all auto maintenance, intelligent recognition and convenient control. The Dreame L10s Pro Ultra Heat stands out as India’s first robot vacuum cleaner equipped with MopExtend technology, setting a new standard in home cleaning. With this launch, Dreame aims to redefine home cleaning and elevate the standard of home maintenance to new heights. Dreame is offering up to 62% off on its advanced cleaning robots during the Dreame Prime Day sale. For added convenience, Dreame is also offering equal monthly installments with No Cost EMI options.

Pic 1 - Dreame L10s Pro Ultra Heat Robot Vacuum and Mop

Equipped with advanced technology, the Dreame L10s Pro Ultra Heat combines utility, efficiency and convenience with elegance. Its sophisticated look is owed to the gold finish on the upper part of the LiDAR dome on top of the robot and the robot’s camera outline. The innovative cleaning and maintenance options significantly reduce human intervention, ensuring a seamless, hands-free and powerful cleaning experience.

A Dreame spokesperson stated, “We understand and cater to the evolving needs of busy customers who rely on technology to simplify their lives. People seek technology for convenience and comfort, and we offer solutions that meet these demands. We delve into the heart of tech to revolutionize the home life for our customers. The Dreame L10s Pro Ultra Heat exemplifies Dreame’s commitment to delivering home products that are smart, efficient, and user-friendly. This stylish robot vacuum and mop, with extensive automation, empowers customers to manage their homes effortlessly while enjoying more leisure time.”

Features and Specifications:

MopExtend Technology: The Dreame L10s Pro Ultra, the only robot vacuum cleaner in India with MopExtend technology, revolutionizes home cleaning. This exclusive feature allows for automatic mop extension and retraction, enabling seamless adjustments to various cleaning scenarios. Users no longer need to worry about their vacuum bumping into kitchen chairs or getting stuck under the sofa. The L10s Pro Ultra Heat utilizes this unique technology to reach not only table and chair legs, door cracks, and steps but also to deep clean right angles of walls, irregular corners, and skirting boards.

Enhanced Suction Power: Equipped with a suction power that touches 7,000 Pa and an upgraded Vormax system, the L10s Pro Ultra Heat rapidly picks up food crumbs, litter, or pet hair from hardwood floors and thick carpets, without making heavy vacuuming noises.

Auto-Care with One for All: The upkeep of the L10s Pro Ultra Heat needs no human intervention because of auto maintenance features like auto-empty, auto mop self-cleaning, auto mop drying, auto water refilling, and auto solution refilling. There are also hot water mop washing, smart mop rewashing, and hot air mop drying features in it, which are certified by TÜV Rheinland as effective self-cleaning in smart home appliances. Cleaning the mops with 58°C hot water loosens even stubborn stains, effectively removes odours and enhances the effect of the cleaning solution.

CleanGenius Functionality: The CleanGenius feature in the L10s Pro Ultra Heat learns the user’s home layout, including floor type and furniture placement, and recommends strategies to make cleanup easy. It adapts its cleaning strategy to the level of dirt on the floors, automatically deciding whether deeper cleaning is required.

Pathfinder Technology: The smart Pathfinder technology enables L10s Pro Ultra Heat to scan the home environment and create accurate maps to traverse through the house by flexibly avoiding up to 55+ types of objects like shoes, cables, and more.

DuoScrub Mopping System: The DuoScrub Mopping System utilizes rotary and pressurized scrubbing to remove dirt from sticky floors. A built-in 80 ml water tank ensures easy automatic water refills for easier cleaning without any added effort.

Smart Carpet Cleaning Technology: The smart carpet cleaning technology, controlled through the Dreame app, avoids carpets while cleaning floors, lifts the mops up to 10.5mm to suit low pile carpets and vacuums carpets twice at a reduced speed for thorough carpet clean-up. The intelligent cleaning carpet mode can be switched on to increase vacuum suction for better cleaning.

Quiet Mode: Users do not even need to worry about noisy home cleaning because the Quiet Mode offers a blissfully quiet cleaning experience, offering up to 220 minutes of vacuuming. A robust 5200mAh battery charges fast and vacuums effortlessly to clean up to 205m² (2206ft²) on a single charge without noise.

Users can also avail the brush roller tricut and water connection kit along with the bot vacuum and mop. The roller cuts hair to prevent them from getting entangled and hindering proper functioning of the robot. The water kit allows automatic refilling and emptying of the water tanks.

Survey: 72% of Financial Institutions to Invest Big in ESG Technology

Chennai, July 11, 2024: BCT Digital, a global digital transformation company delivering FinTech, RegTech, and SustainTech solutions, in collaboration with Chartis Research, has published the findings of their extensive ESG and Climate Risk Survey. Titled ‘Chartis Market View: ESG and Climate Risk Survey’, it analyzes how global financial institutions are integrating ESG and climate risk factors into their risk management and investment decision-making processes.

Ms. Jaya V - CEO BCT Digital

The survey captured insights from 77 ESG and climate risk practitioners representing financial institutions with assets under management ranging from $1 bn to $500 bn based in the APAC, North America, Europe and the MENA region. It is found that over 72% of global financial institutions plan to spend upto $500,000 or more on ESG technology. In this bid, over half of global financial institutions feel keeping up with changing regulations as the biggest ESG-related challenge.

Key findings:

Most firms review their ESG strategies quarterly, spending an average of $250,000 to $500,000 annually, with North American and European institutions more likely to exceed $500,000. The next year’s investments are expected to focus on ESG data and scoring products, governance, risk management and compliance (GRC) solutions, and regulatory compliance and reporting tools.

As per the findings, when it comes to ESG, 52% of the respondents indicated regulatory compliance, being the most significant challenge. About 48% of the respondents identified risk assessment and mapping relevant ESG whereas another 48% viewed integrating ESG into operational and financial workflows as significant challenges.

With respect to climate risk, the main challenges are meeting regulatory stress testing expectations (67%), accurate GHG (Greenhouse gas) accounting (56%) and integrating climate risk operationally into product lines (50%). Most firms spend between $250,000 and $500,000 on climate risk solutions, with future investments likely to be directed towards emissions data, transitional climate risk modeling, and regulatory reporting tools.

On the report launch, Jaya Vaidhyanathan, CEO, BCT Digital: “We are happy to present this crucial survey which aimed to uncover trends, challenges, and strategic priorities within the ESG and climate risk space, addressing key questions such as the evolution of technology markets, demographic impacts on risk planning, and the primary drivers of firms’ strategic agendas. As highlighted by the findings, there is a lack of uniformity in ESG and climate risk reporting standards; different countries and regions may have their own frameworks and definitions. This disparity makes it challenging for multinational corporations to maintain consistent reporting. The detailed findings of this survey provide valuable insights for financial institutions aiming to enhance their ESG and climate risk management frameworks.”

“BCT Digital is ready to tackle the growing needs of the ESG and climate risk markets, and based on this comprehensive survey, we are now even more confident about addressing the intersection of these two fields,” Jaya added.

Sid Dash, Chief Researcher, Chartis, expressed, “Compliance with ESG guidelines can be a challenge for many financial institutions, and data and data management are central to the compliance process. Having a fully integrated framework which enables data management across the entire value chain is crucial.”

Triton EV Unveils Revolutionary Hydrogen Internal Combustion Engine

New Delhi, July 11th, 2024: Triton EV, a leader in Clean-Tech automotive innovation, proudly announces the launch of its cutting-edge hydrogen internal combustion engine. This state-of-the-art technology is developed in India and is poised to transform the automotive industry by providing an eco-friendly zero -carbon emission alternative to traditional gasoline engines, emphasizing performance, efficiency, and environmental sustainability.

Himanshu Patel Triton EV Hydrogen Engine

Eco-Friendly Innovation
Triton EV’s hydrogen engine marks a significant advancement in automotive technology. Utilizing hydrogen as a clean and abundant fuel source, this innovative engine produces zero carbon emissions. Unlike traditional gasoline engines, which emit carbon dioxide and other greenhouse gases that contribute to global warming,

Triton EV’s hydrogen engine only produces water vapor as a byproduct of combustion. This eliminates the release of harmful pollutants such as carbon monoxide, hydrocarbons, and nitrogen oxides, making it a truly green solution for the future of transportation.

Unmatched Performance and Efficiency
“Designed to deliver high performance, Triton EV’s hydrogen internal combustion engine offers superior efficiency without compromising on power. The engine boasts an advanced combustion process optimized for hydrogen, which ensures complete fuel utilization and minimizes energy losses. This results in a higher thermal efficiency compared to traditional gasoline engines, translating to better fuel economy and reduced operational costs,” commented Mr Himanshu Patel, CMD of Triton EV.

With the advent of this new innovative Triton EV Hydrogen Engine the cost of trucks will get reduced.

The engine’s power output is impressive, delivering torque and horsepower that match or exceed those of conventional internal combustion engines. This ensures that vehicles equipped with Triton EV’s hydrogen engine can perform robustly under various driving conditions, whether it be urban commuting, long-distance travel, or heavy-duty commercial use.

Additionally, the hydrogen engine is engineered with cutting-edge materials and design techniques that enhance durability and reliability, reducing maintenance needs and extending the engine’s lifespan. These attributes make TritonEV’s hydrogen engine a practical and powerful solution for modern automotive demands.

Collaboration Opportunities
Triton EV is actively seeking partnerships with automotive manufacturers, fleet operators, and other stakeholders to integrate this groundbreaking technology into their vehicles. By fostering collaborations, Triton EV aims to accelerate the adoption of hydrogen engines, paving the way for a greener and more sustainable future in the automotive industry. “The application of this hydrogen engine is extremely versatile as it, not only control the carbon footprint, but also makes the trucks more affordable. We are open to collaborate with other commercial and non commercial vehicle brands for supplying our hydrogen engine,” commented Himanshu Patel.

Versatility Across Vehicle Categories
One of the standout features of TritonEV’s hydrogen engine is its adaptability. Engineered for versatility, this engine can be seamlessly integrated into almost all vehicle categories, from compact cars to large commercial trucks. This broad applicability ensures that the benefits of hydrogen propulsion can be realized across the entire automotive spectrum, making sustainable transportation accessible to a wider audience.