Foresight completes a succesful System Demonstration with Uniti Sweden

NESS ZIONA, Israel–(BUSINESS WIRE)–Foresight Autonomous Holdings Ltd., a leading developer of Advanced Driver Assistance Systems (NASDAQ and TASE: FRSX), announced today that the company has successfully completed a system demonstration performed with Uniti Sweden. The system’s capabilities were demonstrated in Sweden, under a controlled environment and in open road driving.

The parties intend to negotiate a definitive agreement for commercial cooperation whereby Foresight’s multispectral all-weather conditions system will be developed and integrated into Uniti’s electric vehicles as an advanced driver-assistance system (ADAS), as well as the leading sensor system for the future autonomous capabilities of Uniti’s electric cars.

Foresight CEO, Mr. Haim Siboni, said, “We are very excited about the opportunity to team up with Uniti Sweden and provide Foresight’s unique multispectral-all-weather conditions vision-based ADAS system for Uniti’s premium electric vehicles. Both Uniti and Foresight share the same DNA of innovative companies with a strong passion to revolutionize safety and the driving experience for manned and autonomous vehicles. I am confident that this cooperation will be a game changer in the automotive industry.”

Uniti CEO, Lewis Horne, stated, “What Foresight can achieve in all weather and lighting conditions is impressive. Their technology mimics the vision system of humans, while greatly exceeding human vision capabilities and limitations. They are sure to be an important player in the future of autonomous electric cars.”

About Uniti

Uniti Sweden, founded in 2016, is developing a mass market electric city car that brings a new approach to safety and sustainability. The vehicle features autonomous capabilities and boasts an intuitive user experience which includes an electronic steering system, and a full-screen heads-up display. The highly scalable, lightweight construction, ushers in a new era for premium vehicle manufacturing.

About Foresight

Foresight (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of Advanced Driver Assistance Systems (ADAS) based on 3D video analysis, advanced algorithms for image processing and artificial intelligence. The company, through its wholly owned subsidiary, develops advanced systems for accident prevention, which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to alert drivers to threats that might cause accidents, resulting from traffic violations, driver fatigue or lack of concentration, etc., and to enable highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company estimates that its systems will revolutionize ADAS by providing an automotive grade, cost-effective platform, and advanced technology.

Source: BusinessWire

Tata Motors announces new brand identity “Connecting Aspirations”

After the company embarked on a transformation journey during last year, a comprehensive project on ‘Corporate Branding’ was launched with the support of an external agency. The team undertook a thorough analysis of the existing and the desired future state of the company, gathered a lot of market intelligence and captured the much-required organizational voice, to establish a common theme underlying within the company’s existence.

A detailed review of the recommendations put up to the Tata Motors Executive Committee led to the conclusion and the careful selection of the Brand promise – ‘Connecting Aspirations’.

‘Connecting Aspirations’ represents the personality of the brand as an interconnected system of mobility solutions that are intelligent, perceptive, warm and expressive. It’s a symbolic tagline that is the past, present and future, it’s humble and bold, it’s a statement and challenge.

Easy to communicate and creating a strong resonance with every stakeholder, it is an apt expression to the Tata Motors brand. It is much larger and wider in terms of intent and interpretation – directed towards building the nation, developing smart cities, supporting and implementing government initiatives and delivering new technologies. With passion and expressive intelligence as a design principle, it is in sync with the company’s brand proposition of providing exciting and unique forms of self-expression, where every element of the vehicle represents a unique aspect of consumer’s individuality.

Today, the modern age consumers seek specific forms of self-expression through technology, experiences and the ecosystems they inhabit. It is our endeavor now to translate the form and intent of the new Brand promise into implementation – visible and emotional.

Driven by passion and imagination, Tata Motors has introduced enriching offerings in line with customer aspirations and continues to stand strong as a symbol of innovation and disruption for its customers. The acquisition of every Tata Motors vehicle, regardless of segment, marks an important milestone in the realization of a bigger, much-coveted aspiration or dream.

From manufacturing products to presenting experiences and solutions, Tata Motors has always been an enabling force in the Indian automotive industry. Representing the company’s commitment to take personalization to the next level, ‘Connecting Aspirations’ defines Tata Motors as a brand that intuitively understands people and imagines mobility in all its forms.

About Tata Motors

Tata Motors Limited, a USD 42 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles. As India’s largest automobile company and part of the USD 100 billion Tata group, Tata Motors has operations in the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 76 subsidiary and associate companies, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. In India, Tata Motors has an industrial joint venture with Fiat. Engaged in engineering and automotive solutions, with a focus on future-readiness and a pipeline of tech-enabled products, Tata Motors is India’s market leader in commercial vehicles and among the top in passenger vehicles with 9 million vehicles on Indian roads. The company’s innovation efforts are focused on developing auto technologies that are sustainable as well as suited. With design and R&D centres located in India, the UK, Italy and Korea, Tata Motors strives to pioneer new products that fire the imagination of GenNext customers. Abroad, Tata cars, buses, and trucks are being marketed in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.

Source: Tata Motors

San Joaquin regional transit district opens first 100% electric, zero-emissions bus rapid transit route in the U.S.

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Stockton, California – San Joaquin Regional Transit District (RTD) will convert its existing Bus Rapid Transit (BRT) Express Route 44 to 100 percent battery-electric, zero-emissions buses in August.  That BRT route will be the first in the U.S. to feature all-electric bus service.   The BRT buses were designed and built by California-based Proterra, a leading innovator in heavy-duty battery-electric transportation.

At the time of the conversion, Route 44 will be extended to serve passengers from the Downtown Transit Center (DTC) in Central Stockton to as far south as Qantas Lane near Arch-Airport Road.  The change will enable people who work or study at locations such as PG&E, Dorfman Pacific, Venture Academy, San Joaquin County Office of Education, and the Economic Development Department Qantas Lane office, to commute rapidly and economically.

“We at RTD are proud of our history of commitment to clean energy initiatives,” said Donna DeMartino, RTD’s CEO.  “With the nation’s first all-electric BRT route, RTD and Stockton are now leading the charge in providing safe, efficient, reliable, and exceptionally clean transportation to people who live and work in south Stockton.”

The benefits of using electric buses include:

  • Cleaner air
  • Quieter operation
  • Reduced maintenance cost

Electric buses can travel up to 40 miles or 2 hours on a charge.  The RTD charging stations take about 10 minutes to completely recharge a bus.

The price of each bus is approximately $850,000.  RTD received grant funding to cover the cost of the new electric buses.

RTD will launch a second all-electric BRT route in January 2018 along the MLK corridor in South Stockton.  That route will connect with RTD’s existing three BRT corridors.

BRT routes move passengers to desired destinations faster than other types of bus routes.

In further support of RTD’s commitment to its clean air initiatives, RTD’s Board of Directors passed an official resolution to declare its intent to convert to 100 percent electric, zero emission buses for all routes serving the City of Stockton by 2025.

About San Joaquin Regional Transit District:
RTD’s mission is to provide a safe, reliable, and efficient transportation system for the region.

About Proterra:
Proterra is a leader in the design and manufacture of zero-emission heavy-duty vehicles, enabling bus fleet operators to significantly reduce operating costs while delivering clean, quiet transportation to local communities across the United States. With more than 400 vehicles sold to 41 different municipal, university, airport and commercial transit agencies in 20 states, Proterra is committed to providing state of the art, high-performance vehicles to meet today’s growing market demand. The company’s configurable Catalyst platform is capable of serving the full daily mileage needs of the toughest transit routes on a single charge. With unmatched durability and energy efficiency based on rigorous U.S. certification testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles.

Via: Proterra

GM announces voluntary delisting from Toronto Stock Exchange

General Motors

DETROIT — General Motors Co. (NYSE: GM; TSX: GMM.U) today announced that it has applied and received approval for a voluntary delisting of its common stock from the Toronto Stock Exchange (TSX) in Canada. The delisting from the TSX will not affect the company’s listing on the New York Stock Exchange (NYSE).

Trading on the NYSE and alternative platforms accounts for a vast majority of GM’s current daily trading volume. Given the relatively low trading volume of its shares on the TSX and the fact that GM’s NYSE listing provides its shareholders with sufficient liquidity, the company believes that the costs associated with maintaining a dual listing are no longer justified. Accordingly, effective at the close of markets on Nov. 30, 2017 the company’s shares will no longer be traded on the TSX.

After delisting from the TSX, the company’s common stock will continue to trade on the NYSE under the symbol GM. Shareholders will be able to continue to trade their shares on other exchanges and those who wish to do so should contact their broker or investment manager for further details.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

General Motors Co. (NYSE: GM, TSX: GMM), its subsidiaries and joint venture entities produce and sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands. GM has leadership positions in several of the world’s most significant automotive markets and is committed to lead the future of personal mobility. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

Source: General Motors

Continental introduces New Wheel Concept for electric vehicles

  • New division between wheel and axle: Continental presents the New Wheel Concept, which optimizes the braking system specifically of the electric vehicle (EV).
  • The design enables the use of a large aluminum brake disk and solves the problem of bad braking performance due to corroded brake disks.
  • The dual New Wheel Concept also reduces the weight of the wheel and brake and reduces service costs due to a lifetime brake disk and an easy brake pad change.

Frankfurt/Main, Germany. The technology company Continental has again expanded its solution portfolio for electric vehicles, developing the New Wheel Concept to meet the specific requirements of these vehicles. The wheel rim consists of two aluminum (Al) parts, the inner Al carrier star with the Al brake disk and the outer Al rim well with the tire. In contrast to conventional wheel brakes, the New Wheel Concept brake engages the Al disk from the inside. This allows it to have a particularly large diameter, which benefits the braking performance.

To increase the vehicle’s range, deceleration in the EV generates as much electricity as possible through recuperation (= braking using the electric motor), so the wheel brake is used less frequently. The corrosion-free Al brake disk also prevents the formation of rust (as is normal on cast-iron disks) which can impair the braking effect.

“Electromobility needs new solutions for braking technology too,” says Matthias Matic, Head of Continental’s Hydraulic Brake Systems Business Unit. “Using conventional brakes is not very effective in this case. The New Wheel Concept meets all the demands that electric driving places on the brake. We used our braking know-how to develop a solution that provides a consistently reliable braking effect in the electric vehicle.”

Thanks to the lightweight material, the New Wheel Concept reduces the weight of the wheel and brake, enabling lightweight construction in EVs. Advantages of the concept are much easier wheel and brake pad changes and that the disk is not subject to wear.

Rethinking the wheel

The New Wheel Concept is based on a new division between the wheel and the axle. Here the wheel consists of two parts, the aluminum carrier star, which remains permanently bolted to the wheel hub, and the rim well, which is bolted to the star. The wheel brake is fastened to the wheel carrier of the axle and engages from the inside with an annular aluminum brake disk, which in turn is bolted to the carrier star. The internal brake permits a wide brake disk friction radius, since the space available in the wheel is optimally utilized. During its development, the New Wheel Concept’s braking performance was initially designed for medium and compact class vehicles. In accordance with today’s requirements for this application, the brake is sturdy and fulfills all the established criteria – although it is used much less frequently in an EV.

Continental New-Wheel-Concept-Wheel
The dual New Wheel Concept also reduces the weight of the wheel and brake and reduces service costs due to a lifetime brake disk and an easy brake pad change.

“In EVs, it’s crucial that the driver expends as little energy as possible on the friction brake,” says Paul Linhoff, Head of Brake Pre-Development in the Chassis & Safety Business Unit at Continental. “During a deceleration, the momentum of the vehicle is converted into electricity in the generator to increase the vehicle’s range. That’s why the driver continues to operate the brake pedal – but it certainly doesn’t mean that the wheel brakes are active too.” The deceleration torque of the electric motor is only no longer sufficient by itself when the driver brakes more energetically, or braking also has to carried out with the non-driven axle for driving dynamics reasons. The wheel brake is needed in this situation – and it must be available. “Drivers want to be able to rely on a consistent braking effect – and too much rust on the brake disk in particular can really make this difficult,” Linhoff emphasizes. The reason behind the reduced performance is less friction between the brake pad and the brake disk. The automatic emergency braking function also has to fully rely on the availability of the friction brake effect.

In perfect harmony – material and design

The design of the New Wheel Concept uses the strengths of lightweight aluminum material for the brake. Thanks to the long leverage effect on the large brake disk, relatively low clamping forces are enough to provide a high level of braking efficiency – and since aluminum is a very good heat conductor, the heat generated in the disk during braking is quickly dissipated.

Continental New Wheel Concept
The design enables the use of a large aluminum brake disk and solves the problem of bad braking performance due to corroded brake disks.

Continental assumes, after the results of the initial practical tests, that the Al disk itself is not subject to wear, unlike cast-iron disks. With the New Wheel Concept, abrasion only takes place on the pads, and the design of the Concept makes replacing them – and the wheels – much easier. The New Wheel Concept has yet another positive: “Because the brake disk is fixed on the outside and the brake engages from the inside, the brake caliper can be designed particularly light and stiff. The force is transmitted largely symmetrically into the center of the axle, and this has a favorable effect on the noise behavior of the brake,” says Linhoff – and that’s a side effect which is particularly attractive in a quiet EV.

Continental will also demonstrate the New Wheel Concept during the International Motor Show, IAA in Frankfurt/Main (Hall 5.1. Booth A07 / A08).

Source: Continental AG

Redflow Ltd establishes a factory in Thailand to manufacture its batteries

Redflow’s CEO Simon Hackett

Australian battery company Redflow Limited has today announced it has established a company in Thailand to manage production of its zinc-bromine flow batteries in South East Asia.

In May, the ASX-listed company (ASX:RFX) announced its decision to move its battery manufacturing from North America to South East Asia, to be closer to its most lucrative markets, in Australia, Oceania and southern Africa, and to reduce production costs.

In a statement to the ASX this morning, Redflow reported that it has established Redflow (Thailand) Limited, which is negotiating a lease on premises in a Thai free trade zone. It is also seeking Thai licensing and regulatory approvals.

As well as its location, close to Redflow’s supply chain and marketplaces, Thailand offers good manufacturing expertise, competitive logistics, an attractive labour cost and effective tax treatment for international manufacturers within its free trade zone structure.

Redflow CEO Simon Hackett said the final North American production batch of ZBM2 batteries was now in transit to Australia. “I’m pleased to report that our stack manufacturing equipment from North America has arrived in Thailand ahead of schedule,” he said.

”We remain on track to commence production with our new manufacturing partner MPTS as planned.”

Redflow also reported that its integration partners have sold its ZCell batteries for residential and commercial properties in Queensland, NSW, ACT, Tasmania, Victoria and SA.

Mr Hackett said most ZCell batteries were deployed in scalable configurations using multiple parallel batteries, which leverage the key technical and economic advantages of Redflow’s unique technology. “Popular configurations include 2-6 battery off-grid residential systems and 3-6 battery on-grid residential and commercial systems,” he said.

The ASX update stated that Redflow has now delivered all the batteries for its largest order to date, to New Zealand-based telecommunication systems integrator Hitech Solutions.

Hitech Solutions has commenced construction of the first of its modular energy systems to include the use of Redflow batteries. These energy systems are sized to suit the requirements of each destination site and will be deployed progressively across multiple locations in a Pacific Island nation.

Redflow also reported it is confident that the performance issues reported earlier this year are now resolved. The company has successfully tested and proved the process to remediate battery electrolyte in cases where battery quality testing indicates that this is desirable. Redflow is now progressively applying this remediation to those batteries that require it.

About Redflow (www.redflow.com)

Redflow’s unique zinc-bromine flow batteries are designed for stationary energy storage applications ranging from its ZCell residential battery to its scalable ZBM2 batteries for industrial, commercial, telecommunications and grid-scale deployment. Redflow Limited, a publicly-listed company (ASX: RFX), produces high energy density batteries that are sold, installed and maintained by an international network of system integrators. Redflow batteries offer unique advantages including 100 per cent depth of discharge, tolerance of ambient temperatures as hot as 50 degrees Celsius and sustained energy storage of 10 kilowatt hours (kWh) throughout its operating life.

Reblogged from Impress Media Australia

For media assistance, please call John Harris on +61 8 8431 4000 or email john@impress.com.au.

Hyundai India’s top selling trio Grand i10-Creta-Elite i20 crosses 1.3 million cumulative sales mark

New Delhi, August 02, 2017: Hyundai Motor India Limited (HMIL), the country’s second-largest car manufacturer and leading exporter, has achieved yet another milestone for its most awarded and admired brands crossing 1.3 Million Sales Volume. Grand i10, Elite i20 and Creta have clocked domestic sales of 1.01 Million units and exports of 0.29 Million units with cumulative sales of over 1.3 Million units.

The Super Performer brands have set a new benchmark in their respective segments with class-leading features and unmatched performance in every aspect including safety, performance and product quality. Their continued success has further strengthened Hyundai’s position as a Premium Car Manufacturer in India.

Commenting on HMIL’s Super Performer Brands, Mr. Y K Koo, MD & CEO, Hyundai Motor India said,“We thank our Customers, Channel Partners and Vendors for their contribution in Hyundai’s success in the country. This milestone reflects the strong connect and confidence that our stakeholders have on brand Hyundai. Grand i10, Elite i20 and Creta are trendsetters and winners. The 1.3 Million milestone is testimony of Hyundai’s sharp and undeterred focus on creating customer delight and unique experiences.” “Grand i10, Elite i20 and Creta are winners of J D Power APPEAL Award 2016 demonstrating excellence of ‘Made in India’ products as per global standards”, he added.

Via HMIL Press Release