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Automotive Technology Company Veoneer Begins Production of Technology Suite for Polestar 2

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The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), launched its state-of-the-art suite of collision mitigation technology on the new fully electric Polestar 2.

Veoneer begins production of its advanced sensing technology and software enabling the Polestar 2 to become a leader in the next generation of car safety. The system allows the Polestar 2 to gather information and data about its surroundings and the trajectory of vehicles around it to assist drivers to avoid potentially hazardous situations.

Key components of the technology suite include Veoneer’s 4th generation mono vision system, 77GHz front radar, and a state-of-the-art ADAS Electronic Control Unit (ECU). The Polestar 2 is the first vehicle to use the Zenuity sensor fusion software platform enabling industry-leading features like object detection, lane keeping aid, forward collision warning, adaptive cruise control, autonomous emergency braking, and traffic assist.

Veoneer’s front 77 GHz radar unit and windshield-mounted mono vision camera keeps the Polestar 2’s eyes on the road to take preventative measures whenever something encroaches on its path ahead. Everything from disabled cars to pedestrians can be noticed by the Polestar 2, which then warns the driver (via a brake pulse, audio warning signal, and visual warning signal in the driver display) and then brakes automatically if needed. Automatic pre-braking, steering support, and incrementally tightening seatbelts also come into play, maximizing safety for the occupants.

Veoneer’s 4th generation mono vision system is designed with a 100-degree field-of-view and 1.7 megapixel resolution to support ADAS features necessary to achieve 5-star ratings for Euro NCAP.  The system is comprised of fully integrated hardware and algorithms using deep learning technologies that identify objects such as cars, road markings, or road signs.

Veoneer’s newest generation of 77GHz radars have improved performance and provide reliable and accurate situational awareness of objects surrounding the vehicle.  Veoneer’s radar design has improved waveform and operates at extended ranges needed to achieve 5-star ratings for Euro NCAP.Veoneer’s ADAS ECU is the “ADAS brain” of the vehicle which hosts a sophisticated software feature stack along with feature software from other sensors to interpret the situation around the vehicle, and trigger ADAS features such as emergency braking or cross traffic alert.  Veoneer’s ADAS ECU is designed to be an open scalable hardware and software architecture that hosts algorithms.

“We are excited to start deliveries of Veoneer’s 4th generation mono vision cameras, upgraded 77GHz radars, ADAS ECUs and industry-leading feature software on the all-new Polestar 2, allowing drivers to interact with the Polestar and its surroundings in an advanced new way,” says Jan Carlson, Veoneer Chairman, President and CEO. “Veoneer is proud to bring new levels of safety and convenience to car drivers and occupants across the globe and the Polestar 2 is the first vehicle equipped with these advanced systems.”

This News has been Published in Partnership with PR Newswire

Funding

PAYMYNT, Mobile Commerce & Financial Growth App, Raises $1.1 Million in Seed Funding

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PAYMYNT, Mobile Commerce & Financial Growth App, Raises .1 Million in Seed Funding

At a time when most consumers are opting to shop online, PAYMYNT Financial, a Greater Boston-based financial technology company, is gearing for a year-end launch. On Tuesday, the start-up announced a total of $1.1 Million in seed investments.

“We’re truly thankful for the votes of confidence from our investors,” Michael Rosa said, CEO, PAYMYNT Financial. “We’re rolling out some incredibly important features to our unified mobile commerce application. We’re excited about the launch.”

Once launched, users will be able to download the application at the Apple and Google App Stores. With over 2,000 retail partners, PAYMYNT shoppers will earn cashback rewards and MYNTs, a universal digital rewards currency, while shopping at major, name-brand locations.

For more information about PAYMYNT Financial, or to join the waitlist, visit our website at https://paymynt.money/learnmore.

About PAYMYNT Financial Group:        

PAYMYNT Financial Group is a mobile commerce and financial growth company created with the overall mission of making the online shopping experience more rewarding, and improving the financial well-being of the underserved. We believe blockchain technology and digital currencies play integral roles in our customers’ financial future.

PAYMYNT is a next-generation mobile commerce application that integrates online shopping, digital banking, peer-to-peer payments, and financial investments into an all-in-one platform.

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World 50 and G100 Come Together to Form the World's Leading Peer-to-Peer Platform for Senior Executives

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World 50 and G100 Come Together to Form the World's Leading Peer-to-Peer Platform for Senior Executives

World 50 and G100, the world’s leading peer-to-peer platforms for business leaders, have come together to form the most comprehensive peer learning, development and networking community for the world’s top performing companies and their leaders.

The partnership creates the most influential membership-based organization where CEOs, boards, and senior executives from globally respected organizations build relationships, exchange practical advice and gain insight on the pressing matters facing business leaders now as they drive their companies into the future. The merger was finalized on September 22, 2020.

World 50 and G100 will remain a private organization with the sole mission of accelerating the success of members and their organizations. For the immediate term, membership status and benefits in the respective organizations will be unchanged, yet enhanced and enriched by the broader capabilities available to the combined World 50 and G100 organization. For example, G100 members will gain access to World 50’s Inclusion and Diversity Impact platform, a long-term, cross-organization initiative intended to accelerate progress on one of the most pressing issues of our time. This platform was created in response to overwhelming demand among World 50 members for a forum dedicated to direct, open conversations about accelerating the real and immediate impact private enterprise can have on creating a diverse, inclusive society with true equality of opportunity. G100 Chairman Scott Miller will now be Chairman of the combined organization, Dave Niles will continue as President of G100, and the flagship G100 CEO group remains under the leadership of Daniel Casse. World 50 CEO, David Wilkie, is now CEO of the combined organization.

“The leadership imperative has never been more profound. If leadership will differentiate success more than ever before, World 50’s and G100’s united mission of helping leaders stay ahead is now more relevant than ever,” shared Wilkie. “With today’s uncertainty and the stakes our members face in these unprecedented times, there is no better time than now to bring these two great organizations together in service of our respective members.”

“We are excited about joining forces with World 50, a world-class company we have long admired,” said Scott Miller. “The opportunity will further enhance both companies’ ability to deliver value to members, accelerate their success and connect them to the most valuable networks for CEOs, boards, the C-suite and beyond.”

Last year, World 50 also acquired London-based Procurement Leaders, the world’s largest and most valuable procurement network and intelligence platform. The goal is that each company will provide a comprehensive and differentiated suite of services aligned to supporting executives leading and transforming modern enterprises.

About World 50

Founded in 2004, World 50 consists of private peer communities that enable CEOs and C-level executives at globally respected organizations to discover better ideas, share valuable experiences and build relationships that make a lasting impact. The busiest officer-level executives and their most promising future leaders trust World 50 to facilitate collaboration, conversation and counsel on the topics most crucial to leading, transforming and growing modern enterprises. World 50 communities serve every significant enterprise leadership role. World 50 members reside in more than 27 countries on six continents and are leaders at companies that average more than US$30 billion in revenue. World 50 is a private company that serves no other purpose than to accelerate the success of its members and their organizations. It is composed of highly curious associates who consider it a privilege to help leaders stay ahead.

About G100

Founded in 1998, G100 helps influential senior executives succeed in some of the most challenging environments and overcome the most pressing obstacles through peer development. Programs enable members to counsel and interact with fellow chief executive officers and other C-Suite executives, board directors and business thought leaders through private, candid, and informed discussion, in both a digital and in-person format. G100 is not a lobbying organization or industry trade group and does not seek consensus on issues. Membership is carefully curated to have “the best conversation in business.”

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Acquisition

Gulf Stream Marine Expands Network with Acquisition of Alabo Street Terminal operations at Port of New Orleans

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Gulf Stream Marine Expands Network with Acquisition of Alabo Street Terminal operations at Port of New Orleans

Gulf Stream Marine, Inc. (“GSM”) announced the strategic acquisition of the Alabo Street Terminal operations located in the eastern section of the Port of New Orleans (“Port NOLA”). This is the second terminal, along with its Lake Charles terminal, that GSM is operating in Louisiana, and the first at the world-class Port of New Orleans.

“Expanding GSM’s reach and bringing our specialized expertise to serve break-bulk and project cargo customers at the Port of New Orleans was the next step in our growth plan,” explained Michel Miron, Executive Vice-President. “We worked very closely with the leadership team at the port to find the perfect fit for our service offering and we look forward to working together to grow this viable gateway.”

The Port of New Orleans is a deepwater port located on the Mississippi river near the U.S. Gulf and offers customers seamless supply chain solutions from river to rail to truck. The Alabo Street Terminal is connected to Class 1 rail and highway systems and serves markets in the southern states and the U.S. Midwest, serving shippers from around the world. With GSM’s growing network of nine terminals in ports in Texas, Louisiana and Mississippi, the addition of the Alabo Street Terminal offers further options for customers looking to access new markets.

“Gulf Stream Marine is highly respected for their operational expertise with breakbulk, bulk and heavy-lift cargo, and they are a welcome addition to our tenant portfolio,” said Brandy D. Christian, President and CEO of Port NOLA and CEO of the New Orleans Public Belt Railroad. “Our partnership with GSM reinforces and strengthens Port NOLA and the region’s position in the global supply chain.”

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