New Hyundai Motor Group Innovation Center in Singapore to Transform Customer Experience through Future Mobility R&D

  • Construction begins with virtual groundbreaking ceremony attended by Singapore Prime Minister Lee Hsien Loong, South Korea’s Industry Minister Sung Yun-mo, and Hyundai Motor Group Executive Vice Chairman Euisun Chung
  • HMGICS to serve as an innovation center for future mobility studies
  • Construction due to be completed by the end of 2022
  • Center to lead paradigm shift in mobility value chain, spanning the entire lifecycle of vehicles
  • Small-scale manufacturing capabilities focused on EVs to test a customer-centered manufacturing platform
  • HMGICS to explore new business concepts, including battery-as-a-service

SEOUL, South Korea and SINGAPORE, Oct. 13, 2020 /PRNewswire/ — Hyundai Motor Group (the Group) celebrated the groundbreaking announcement of the Hyundai Motor Group Innovation Center in Singapore (HMGICS) with a virtual ceremony today. The center will act as an open innovation lab for the Group’s future mobility research and development, with the aim of revolutionizing the future mobility value chain.

“HMGICS is a major

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With $300 Million In New Funding, Zymergen Aims To Sustainably Transform The $3 Trillion Chemical And Materials Industry

By making better, greener alternatives to petrochemistry, Zymergen sees a huge economic and environmental opportunity

As the smoke from a dozen wildfires darkened San Francisco, Josh Hoffman took his two children outside to see the surreal morning sky. It looked like a dystopian scene from Blade Runner 2049.

“My kids were scared because the sun never rose, and when it did it looked like a dying planet,” says the CEO of Zymergen, a biomanufacturing company. In the apocalyptic skies, Hoffman saw the end of times that so many warn about if we don’t get a handle on climate

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IBM, Fenergo to Transform New Customer Onboarding for Financial Institutions

AI and Analytics on IBM Cloud can help expedite customer lifecycle management and improves client experience

IBM furthers ecosystem commitment

ARMONK, N.Y., Oct. 5, 2020 /PRNewswire/ — SIBOS: IBM (NYSE: IBM) and Fenergo, a leading provider of client lifecycle management (CLM) solutions for financial institutions, today announced the general availability of IBM Customer Lifecycle Management (CLM) with Fenergo. The offering is designed to incorporate artificial intelligence (AI) from IBM Watson and analytics on the IBM Cloud to help financial institutions drive efficiencies in customer onboarding through improved personalization, risk assessment and regulatory compliance.

IBM Corporation logo. (PRNewsfoto/IBM)
IBM Corporation logo. (PRNewsfoto/IBM)

Onboarding a new client can often take weeks for a financial institution to complete. Research undertaken by Forrester and Fenergo showed financial institutions that have implemented only partial onboarding solutions spend between two and 12 weeks to complete the new client onboarding process. Additionally, significant financial penalties and sanctions can follow

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Uber Freight Raises $500 Million in Funding From Greenbriar Equity Group to Transform Logistics

Series A investment by Greenbriar will accelerate Uber Freight’s broad market adoption and expand reach

Uber Technologies, Inc. (NYSE: UBER) and Greenbriar Equity Group, L.P. (Greenbriar), a New York-based investment firm and one of the leading investors in the logistics space, announced today that an investor group led by Greenbriar has committed to invest $500 million in a Series A preferred stock financing for Uber Freight, the logistics arm of Uber, valuing the unit at $3.3 billion on a post-money basis. Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains.

In connection with the investment, Michael Weiss and Jill Raker, Managing Partners of Greenbriar, will join the Uber Freight Board of Directors. With a combination of more than 40 years of investing experience in logistics,

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Transform Materials Signs Technology License Agreement with DSM Nutritional Products

RIVIERA BEACH, Fla., Oct. 1, 2020 /PRNewswire/ — Transform Materials, a sustainable chemical company that uses microwave plasma technology to convert natural gas into acetylene and hydrogen, has signed a global licensing agreement with DSM Nutritional Products Ltd. Under this agreement, DSM will use the patented Transform technology to produce certain vitamins, carotenoids, and nutritional ingredients, with Transform providing technical support to ensure success of the integration.

Transform has developed a highly selective, cost-effective, net-carbon-negative process that converts the methane in natural gas into high-value products suitable for direct use or downstream reactions.

“We transform methane into acetylene and hydrogen, critical precursors for the synthesis of high-value chemical end products, without using traditional techniques that form carbon dioxide. That means we can meet important future needs of the chemical industry without creating harmful greenhouse gases,” said David Soane Ph.D., CEO of Transform Materials. “An important benefit of our technology

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