Month: January 2023

Innoviti appoints former Visa Leader, Himanshu Sharma as SVP, Issuing Bank Relationship

BENGALURU, India, Jan. 13, 2023 /PRNewswire/ — To catapult its transformation initiatives, Innoviti Technologies (formerly, Innoviti Payment Solutions), India's largest collaborative commerce platform, has appointed Himanshu Sharma as Sr. Vice President of Issuing Bank Relationship.

Sharma will be reporting to the CBO, Amrita Malik and will be based out of Mumbai. He will enhance Innoviti's existing relationship with banks and contribute to new business initiatives.

Sharma brings 17 years of experience in Consulting and Financial Services and is a leader in P&L management, Business Excellence and Sales Transformation. In his previous role, he was the Director of Customer Relationships & Business Development at Visa. He holds an MBA from Hyderabad University.

Amrita Malik, CBO, New Initiatives, Innoviti, said, “Innoviti is continuously forging new relationships with partners and alliances, who form an integral part of our endeavor to build a rich collaborative commerce platform through technology innovation. As we undertake our next phase of transformation, I am delighted to have Himanshu Sharma create new opportunities and lead new ways to further build our relationship within the banking community of India.”

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

Sony India Software Centre Co-sponsors Yuru Musical Instrument Hackathon 2023

Bangalore, Karnataka, India

  • Engineers, people with creative ideas, designers, artists, musicians are all welcome to form a team consisting of minimum 2 and maximum 4 persons.

  • Each team is expected to develop “Yuru Musical Instruments”

  • “Yuru” generally means fun, free, generous, flexible, easy to approach etc. in Japanese.

 

Sony India Software Centre Pvt. Ltd. in association with World Yuru Music Association are organizing “Yuru Musical Instrument Hackathon 2023” in India. It is expected to take place in the 2nd week of March, 2023 in Bangalore. Engineers, Designers, Artists, Musicians, people with creative ideas can all participate and form a team. With the idea of “giving everyone the pleasure of playing musical instruments” participants is invited to develop “Yuru Musical Instruments“. This will be a competition and the winning teams will be awarded with cash prizes. The teams can create any instrument they would like to play music on. 

 

Anyone above 18 years old from anywhere can participate in producing music regardless of gender or ability. The team will consist of minimum 2 and maximum 4 persons. Each team is expected to develop a “Yuru Musical Instruments”. “Yuru Musical Instruments” are casual instruments creatively designed for playing music by novice for fun and entertainment. These instruments may include electronic, acoustic, or nontraditional components. Under Sony’s Purpose to “Fill the world with emotion, through the power of creativity and technology,” various Sony’s Projects support this event and Sony group companies will provide devices like, MESH™, toio™, SPRESENSE™, etc. to the teams shortlisted for the Hackathon. For example, SPRESENSE™ is a compact board computer that combines low power consumption with a GPS reception function and a high-resolution audio codec, and it is possible to develop unique music instruments (developer.sony.com/develop/spresense/). Each team can use the devices freely to give shape to their ideas presented in the Ideathon and create unique Yuru Musical Instrument.

 

The Ideathon will be conducted online with no limitation on the participants. 10 teams from this Ideathon will be shortlisted for the Hackathon which is to be conducted in Bangalore. Participants will have to showcase the Yuru Musical Instrument developer and perform on stage using the same to the judges in person. Judges of the event will be Experts from Sony, IIT Madras Pravartak Technologies Foundation. The winner will be awarded with Rs. 50,000 and the next 2 winners will be awarded with Rs. 25,000 each.

 

For online registration, the participants can visit www.sonyindiasoftware.co.in/events.html.

 

This event is sponsored by EdgeTech Project Department, Sony Music Entertainment (Japan) Inc., Co-sponsored by Sony India Software Centre Pvt. Ltd., Sony Semiconductor Solutions Corporation., Sony Group Corporation and IIT Madras Pravartak Technologies Foundation. In Cooperation with: MESH project, Sony Marketing Inc., toio Project, Sony Interactive Entertainment.

 

Tomohiro Sawada, representative of the World Yuru Music Association said, “There are people all over the world who are not familiar with playing musical instruments. That's why I want to spread the activities of the “World Yuru Music Association” all over the world. This India Hackathon will be a big step in that direction. I look forward to the unexpected invention of musical instruments!”

 

Nozomu Kaji, Chief Manager, EdgeTech Project Department, Digital Innovation Group, Sony Music Entertainment (Japan) Inc. said, “I'm excited that the Yuru Musical Instrument Hackathon, which was held in Tokyo in 2021 and Osaka in 2022, will finally expand overseas, but I'm excited to hear that there are many people in India who love entertainment, especially music. I am looking forward to seeing the “Yuru” that everyone in India has in mind.”

 

Masayuki Toriumi, Managing Director, Sony India Software Centre, Bangalore, India said, “We are delighted to conduct Yuru Musical Instrument Hackathon 2023, for the first time, in India. It is very much in line with Sony’s Purpose. It has been our constant endeavor to develop, promote and propagate Sony’s Vision, Values and Purpose in India. With the support of various Sony Group entities and IITM Pravartak Technologies Foundation, we are delighted to announce this event and except a large participation from all creative people, who wish to embark of this journey of Innovation with us.” 

 

Dr. V. Kamakoti, Director of IIT Madras said, “IITM Pravartak Technologies Foundation is glad to partner with Sony India Software Centre and Sony Music Entertainment (Japan) Inc. in this Yuru Musical instrument Hackathon 2023 in India. In line with our theme of establishing technology leadership in Sensors, Networking, Actuators and Controls Systems, this musical instrument hackathon will provide the participants with a unique opportunity to explore state-of-the-art sensors and electronic devices. Participants can design novel musical instruments during this hackathon using creativity and innovation.”

 

Message from Harumi Asai, General Manager, Brand Collaboration Group, Corporate Communications & Brand Strategy Department, Sony Group Corporation said, “Yuru Music is an initiative that is full of opportunities to create new and diverse music and instruments for everyone and is supported by various Sony Group companies. Under Sony's Purpose of “Fill the world with emotion, through the power of creativity and technology”, our goal is to create unique entertainment experiences, supported by Sony technologies, that move and inspire people. Sony is pleased to be a sponsor of the Yuru Musical Instrument Hackathon 2023 in India, a country rich in history and culture, and we look forward to seeing the innovative ideas and creative collaborations from this initiative.”

 

World Yuru Sports Association, a general corporation association, having its head office in Tokyo, has established “World Yuru Music Association” (yurumusic.com) where anyone can participate in producing music and can start playing ‘Yuru Musical Instruments’ from anywhere and play or sing in a chorus and enjoy the world of music. 

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Woxsen University Ranks Amongst Top 47 Universities Globally As PRME Champion 2023

HYDERABAD, India, Jan. 13, 2023 /PRNewswire/ — Woxsen University has been selected as one of the prestigious PRME Champions for 2023, amongst top 47 universities and institutions globally. Principles for Responsible Management Education (PRME) is an initiative of the United Nations Global Compact.

The PRME Champions represent a group of dedicated business and management schools globally, committed to working collaboratively to deliver value for business and society at large. This year, 47 PRME Signatory Members, with a track record of impactful contributions in thought and action leadership towards Sustainable Development Goals (SDG), were selected to join the cohort by the PRME Secretariat from a pool of strong and diverse applicants.

As a flagship programme of this body, the PRME Champions Programme provides faculty members, students and industry leaders with a space for developing and sharing collaborative educational methods and a 'living lab' for ambitious new ideas for creating the next generation of sustainability-driven business schools and management-related higher education institutions in support of the SDGs.

The focus of the 2023 Champions cycle has been on action leadership to inspire a global community, specifically through the implementation of SDGs in Research, Curriculum, and Partnerships, which serves as a repository of inspiring examples that will build on the work of higher education.

For More Information about PRME Championship 2023 visit: https://www.unprme.org/news 

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

Hafele Launches New Transformable Bed Fittings from the Space 2 Range

Whether it’s a sprawling apartment or a plush studio flat, transformable furniture is fast becoming the de-facto interior scheme for residential and commercial spaces. They can serve a variety of purposes or simply move out of the way when not in use resulting in fluid living and working. With furniture like these, the appearance and vibe of a room can change almost immediately.

 

Motorised Bed Fittings

 

Hafele brings to you an assortment of transformable furniture fittings under its range that virtually multiply the space available. Space2 as we call it is a futuristic range that includes state-of-the-art bed fittings, kitchen countertop fittings and table fittings. These fittings integrate effortlessly within your interiors and astutely utilize the space available.

 

The Bed Fittings falling under the Space2 range hold the potential of perfectly transforming your interior space into various settings, for e.g. basis the time of the day – where in the day time there may be more free space required for work or play, the bed fittings can be retracted while during the night, the bed fitting can be drawn out for you to unwind or basis multiple functionalities desired – where the bed fitting can be converted into a sofa or a cabinet unit by day or the space beneath the bed can be used for additional storage.

 

Motorised Storage Bed System: We often turn the storage space under our mattress into an extended wardrobe to stack our bags, books, traditional wear etc., doing so however, without manually lifting the weight of the heavy mattress is a game changer. Hafele brings to you a new age motorised storage bed fitting, which with its sleek build ensures not only optimal utilization of space but also uninterrupted access to the storage space with a 30° wide opening angle. It promotes convenient and hands-free operations with the help of a wireless remote control. The powerful 1500N pistons guarantee smooth opening and closing of the bed fitting and allow a weight carrying capacity of up to 200 kgs.

(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

487% increase in women buyers during Year End, reveals Snapmint data

MUMBAI, India, Jan. 11, 2023 /PRNewswire/ — In the midst of the growing popularity, reports show that 22% of Indian women are likely planning to adopt instalment payments for their personal finances in the next 12 months. This rapid adoption can be confirmed by Snapmint that has seen about a 487% increase in women customers buying on instalments this year. Snapmint is an Indian Fintech startup that is aiming to give credit to people with thin credit, Gen Zs and Tier 2-5 city audiences. Their easy split payment model allows women to make purchases on EMI. The RBI licensed NBFC makes it possible with an easy 2-step process without the hassle of physical documentation. Women seem to buy more in the categories of fashion, beauty and kitchen appliances on the app. Reebok shoes, Noise Smartwatches, Liberty shoes, Street Style Store boots and FCL SKINCARE remain some of the top brands.

New year's is especially a lucrative time to denote numbers as most apps have sales going on. Snapmint's women adoption has seen a 60% spike in its AoV in December 2022 when compared to last year. However, the real game changer numbers can be seen during the new year season. The numbers saw a massive 487% increase when compared to 2021 with a GTV increase of 163%. Most of the orders were from tier 2-5 cities like Ranchi, Sangrur, Prakasam, Bhilwara etc. A large number of the women segment also searched and bought gift cards from popular ecommerce stores indicating that they needed an EMI option to purchase on these platforms. What's interesting is that the numbers also break the stereotype of what EMI payments can be availed for. Traditionally, EMIs were associated with purchases like bikes, furniture and large appliances. However, Snapmint's numbers are a clear indication of the need for splinter payments in lower price points categories such as fashion and beauty. 

“Out of the 550 Mn PAN holders in India, only the affluent 50 Mn have access to credit. We give credit to such customers. These include people with thin credit, entering in the workforce, Gen Z's and tier 2-5 city audiences. Snapmint is changing who has credit and how. We are empowering Gen Z and tier 2-5 customers to avail splinter payments. Our technology is enabling Gen Z customers to make fashion/lifestyle and electronics purchases. And most importantly, we are doing all of this with full transparency, no hidden costs for customers without asking for too much documentation. Our aim is to make EMI payments as available and prevalent as UPI,” says Abhineet Sawa, co-founder of Snapmint. 

According to a recent survey, only 19.23% of Indian women make the total Indian workforce. This indicates that most of the purchasing power still lies with the male population. Snapmint is working to increase the purchasing power of non-salaried and Gen Z women who are currently entering the workforce.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

BYD India Unveils its Luxury Electric Sedan BYD Seal & Launches BYD ATTO 3 Limited Edition at Auto Expo 2023

·         The luxury sedan BYD Seal is planned to be launched in India by Q4 2023

·         BYD Seal boasts all-wheel-drive, 0-100 km/h in 3.8 seconds, and a range of 700 km

·         Third new passenger EVs within two years

·         The Indian-specific theme displayed: Technological Innovations for A Better Life

·         1200 units of BYD ATTO 3 Limited Edition available in Forest Green Color

·         First batch of BYD ATTO 3 delivery starts on 11th Jan 2023

·         Plans to double the dealer network by 2023

 

New Delhi, India – BYD, the world’s leading new energy vehicle (NEV) manufacturer, presented at the Indian Auto Expo 2023 with its new luxury model BYD Seal and the limited edition of BYD ATTO 3 in its iconic color Forest Green soon after launching BYD ATTO 3 and opening a  number of dealership and showrooms. With the All-New e6 and BYD ATTO 3 already available in the Indian market, BYD Seal will be the third passenger EV released within two years and it will be launched in India by Q4 this year.

 

Themed ‘Technological Innovations For A Better Life’, the display space of BYD India at Auto Expo 2023 was sectioned into 4 zones. Customers have the access to BYD’s high-quality products and its revolutionary ultra-safe Blade Battery, e-Platform 3.0, which is exclusively designed for the next generation of electric vehicles, and other mobility innovations. With its ongoing pursuit of innovations, BYD will continue to fulfill its responsibilities and commitments to the energy revolution and promote low-carbon lifestyle and green initiatives.

 

BYD SEAL

Equipped with BYD’s born EV platform (e-Platform 3.0) and revolutionary ultra-safe Blade Battery, BYD Seal is the first to use BYD's CTB (cell to body) technology, which allows the battery to be integrated into the body (battery becomes an integrated component of the chassis), substantially improving the vehicle safety, stability, handling, and performance. Supported by the CTB technology, BYD Seal achieves a breakthrough in the structural strength of the battery system through the cellular structure, which can withstand a 50-ton heavy-duty truck rolling test. Via the integration of battery and body, the torsional stiffness of the whole vehicle has doubled to above 40,500 N.m/°, and the safety of the interior structure of the vehicle is increased by 50% for front impact and by 45% for side impact. The CTB technology also gives BYD Seal an ideal 50:50 axle load distribution, which makes the vehicle pass the moose test at 83.5 km/h. With an aero drag coefficient of merely 0.219 Cd, BYD Seal hits 100 km/h in 3.8 seconds and also has an ultra-long range of up to 700 km on a single charge.

 

BYD ATTO 3

BYD also debuted its the Limited Edition of BYD ATTO 3 in an exclusive Forest Green shade, which also adopts the e-Platform 3.0 and ultra-safe Blade Battery. Only 1,200 units of this Limited Edition will be available in India at Rs. 34.49 lakhs (ex-showroom). BYD ATTO 3, with an NEDC certified range of 480 km and ARAI tested range of 521 km, was launched in India in November 2022 at Rs. 33.99 lakh and garnered around 2,000 bookings to date. Over 220,000 units of BYD ATTO 3 was sold in just 10 months globally since its launch, and in Dec 2022 itself, 29,468 units of BYD ATTO 3 was sold in a single month, gaining good traction among customers. BYD ATTO 3 received a five-star safety rating from Euro NCAP, Europe’s leading independent safety assessment program. The E-SUV boasts an 8-year or 1.6 lakh kilometers (whichever comes earlier) warranty for the battery. The motor and motor controller also carries a similar 8-year or 1.5 lakh kilometers warranty. BYD also offers a 6-year or 1.5 lakh kilometers basic warranty.

 

Speaking on the occasion, Mr. Sanjay Gopalakrishnan, Senior Vice President of Electric Passenger Vehicles of BYD India, said, “The Indian Auto Expo is an extremely significant platform for us. We are pleased to be able to showcase our products and technologies through our technological innovations for a better life. With the unveiling of the electric luxury sedan BYD Seal, and the launch of the Limited Edition of BYD ATTO 3, Blade Battery, and the e-Platform 3.0, we resonate our commitment to contribute to the growth of the Indian electric vehicle segment with future EV technologies.”

 

“Today, we are also very honored to announce that the first batch of BYD ATTO 3 delivery starts. This calendar year, we plan to sell 15,000 units of BYD ATTO 3 & All-New e6. The bookings of BYD ATTO 3 have been very encouraging, and we are all set to start the first deliveries from January 2023”, added Mr. Gopalakrishnan.

 

BYD Seal is BYD India’s third model for the passenger EV segment in India after the success of the All-New e6 electric MPV and BYD ATTO 3 E-SUV, both of which are already on sale. BYD India expanded its network to 24 showrooms across 21 cities in just one year and plans to double the presence to 53 showrooms within 2023.

 

In 2022, BYD's cumulative sales of passenger vehicles were over 1.86 million units, a year-on-year increase of 155.1%. So far, BYD has sold more than 3.37 million new energy vehicles. With its expanding global presence, BYD is working towards its motto of Cool the Earth by 1 °C.

 

Thomson Digital Ventures into the EdTech Space, Launches Q&I – an Assessment-led Learning Platform

  • The Company aims to augment personalised learning experiences with highly-innovative solutions

  • Aims to radically transform the way students prepare for competitive exams – NEET and JEE

 

Thomson Digital, a pioneer in providing publishing solutions to the global publishing fraternity announced its foray into the EdTech industry with the launch of Q&I (www.qanditoday.com), a first-of-its-kind assessment-led platform for the preparation of JEE and NEET.

 

Q&I’s radically different approach shifts away from general syllabus-based learning to unique need-based learning. The platform’s adaptive learning engine curates a customized and clear preparation plan for an individual by providing a detailed subject and topic-wise analysis and benchmarking each individual’s performance with the peer group. It conducts a diagnostic test that analyses the students’ strengths, weaknesses, opportunities, and hurdles and accordingly supports the students’ journey of preparation and clearing the competitive exams.

 

Talking about the product at length, Vinay Singh, Executive Director and CEO, Thomson Digital and Q&I, said, “Q&I is a platform specifically curated for students preparing for JEE and NEET. The platform understands that each individual is unique, with different strengths, goals, and needs and accordingly aims to help students with a personalized approach using the power of AI, data analytics and machine learning to facilitate faster learning based on intrinsic abilities and preferences. Through this platform, we aim to bring a paradigm shift in the competitive exam preparation segment and most importantly to bring ‘tech’ back into EdTech.”

 

Thomson Digital’s Q&I (www.qanditoday.com) can play a critical role as a support system with the schools to help students prepare for competitive exams. The platform offers 7 day free trial and also plans to offer scholarships for the students.

 

India’s education system has huge growth potential, a seamless shift to digital learning won’t be possible if EdTech platforms only create a parallel structure for offline lectures. A sustained focus on personalized learning and the use of relevant tech tools can help provide robust outcomes for students and the industry could then emerge as a catalyst for greater growth in India’s education landscape.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Vymo Releases Comprehensive Guide to Sales Engagement, states “In 2023, AI will be able to intelligently guess customers’ financial needs and shorten sales cycles.”

The report explains how contextual customer insights through a single pane of glass can drive sales productivity bottom-up.

BANGALORE, India, Jan. 11, 2023 /PRNewswire/ — Vymo, the Gartner-recognized sales engagement platform of choice for financial service institutions, has released a new report on how banks & insurance companies empower their workforces with insights & data to solve complex customer problems. With more than 300,000 sellers using Vymo, the guide captures the depth of sales engagement and how it can help a sales organization improve sales effectiveness bottom-up.

Vymo releases a comprehensive guide on sales engagement

While the pandemic accelerated the digitization of customer interactions and internal operations, FSIs need to be faster in adopting new technology. Customers expect the same one-tap experience and convenience from their banks and insurance providers as they do with the likes of Uber, Netflix & Doordash. Yet, the average sales rep spends just 23% of their time interacting with customers – less than what they spend on admin tasks.

Companies like Berkshire Hathaway, AIA, BNP Paribas, and Generali have deployed Vymo to capture customer engagement activities automatically, removing the need for manual sales reporting. Integrating with core systems, Vymo offers a 360-degree view of the customer to the agent, so he/she has a complete understanding of his/her needs. The 'Comprehensive Guide to Sales Engagement' serves as a checklist for enterprises transitioning from experience and intuition-based selling to data-driven selling – merging their sales process, applications, data, and analytics into a single pane of glass.

Rajesh Sabhlok, Managing Director – Asia Pacific, Vymo, says, “Selling is as much an art as it is a science. Today's sellers need both of these to come together and deliver intelligent insights that can engage a customer through the sales lifecycle and deliver an unbeatable value proposition. Vymo's sales engagement guide serves as a primer to enterprises wanting to deepen their understanding of sales engagement.”

As people become more cautious about where they are investing their savings and earnings, adopting predictive technologies will play a key role in helping incumbents transform their agents into trusted advisors to their customers.

The complementary guide is available for download on Vymo's website at www.vymo.com/seg

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

Kishan Patel – A Micro Influencer Based Out of Ahmedabad Gets Wings to his Dreams at DRIM Global

DRIM Global – India’s first performance-based influencer marketing startup gave wings to a young boy, Kishan Patel from Ahmedabad, Gujarat. Kishan went from a micro influencer to mega through an exceptional campaign with DRIM and its clients.

 

Kishan not only grew his follower base from 3000 to 50,000+ but was also able to fulfill his dream of studying abroad. After joining the DRIM Global team of influencers, he managed to take an extremely creative performance marketing campaign live with Dominoes Pizza which went viral in no time. His campaign was widely liked and shared.  As a result, the floodgate of brands opened up for him & he used DRIM to realize his dreams of pursuing his studies in Australia. Kishan’ case was a perfect example of a simple boy reaching sky high, without luxury or too many followers and just using his creativity to achieve an exceptional result for the brand.

 

Yulia Aslamova – Head of Asia – DRIM, said, “We have a base of more than thousand influencers and our pioneering analytical system matches creators and brands perfectly that drives a winning campaign. Through the exceptional Dominos India campaign, the brand created a reach of 10M converting into close to 27K purchases. We aim to empower both are influencers and brand to help them achieve desired results.” 

 

Kishan Patel’s story inspires many in India and proves that it does not need to be glamorous or showcase luxury on social media. It only needs a platform, creativity & the knack to achieve the results for the brand.
 

Kishan Patel Instagram link: www.instagram.com/sab.chef/?igshid=NTdlMDg3MTY%3D

(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Nanoprecise Sci Corp Raises USD $10 Million in Series B Investment

EDMONTON, AB, Jan. 10, 2023 /PRNewswire/ — Nanoprecise Sci Corp, an AI-based Condition Monitoring & Prescriptive Maintenance Solution provider raised USD $10 million in series B investment from 4 new investors. The round was led by Export Development Canada (EDC), with participation from Honeywell Ventures, NSK Ltd., and EC Mergers & Acquisitions.

Nanoprecise Sci Corp Raises USD $10 Million in Series B Investment

Founded in 2017 by CEO Sunil Vedula, the core team of Nanoprecise comprises industry specialists such as Graham Kawulka (Chief Commercial Officer), Prashant Verma (Head of India Operations), and Dries Van Loon (VP of Customer Success & Condition Monitoring). Nanoprecise drives value realization for manufacturers & operators in a broad set of industries by providing them with meaningful insights through a differentiated approach to machine health monitoring. Nanoprecise utilizes ultra-low-power wireless sensors and cloud-based AI-powered software that detects the smallest of changes in machine performance and predicts the remaining useful life of any industrial asset.

The automated end-to-end solutions from Nanoprecise strive to simplify monitoring industrial assets involved in various complex manufacturing processes, with patented signal processing algorithms and state-of-the-art scalable hardware, to help operators maximize their uptime and improve their energy efficiency.

The investment from EDC — Canada's export credit agency wholly owned by the Government of Canada, aims to boost the Canadian cleantech company's delivery capabilities and product offerings in the Energy Efficiency & Condition Monitoring Solutions space. The investment is aligned to the institution's strong focus in scaling emerging Canadian cleantech companies that are commercially well-positioned to enhance Canada's international competitiveness in key priority areas.

“Edmonton-based Nanoprecise Sci Corp's innovative AI-based equipment sensors reduce energy consumption and downtime across many industrial processes,” says Carl Burlock, Executive Vice President and Chief Business Officer at EDC. “EDC is pleased to have led Nanoprecise's Series-B investment round alongside leading industry participants, a fundraising which will accelerate the international deployment of their unique solutions.”

Moreover, Honeywell Ventures has joined as a board observer, with its strategic investment in the AI-based predictive maintenance solutions provider. This investment from one of the leading players in the industrial technology sector is a testament to the premium differentiation that Nanoprecise solution offers as compared to umpteen others existing in the market. With Honeywell's investment, massive growth opportunities lay ahead for Nanoprecise Sci Corp. NSK Ltd. – one of the top 3 bearing manufacturing companies in the world, and EC Mergers & Acquisitions – the leading global investment banking boutique that specializes in the industrial technology sector, have also chosen to back Nanoprecise through this investment round, for Nanoprecise's high growth potential and wide applicability of its solutions.

“We are excited to have closed our Series B investment round and are thrilled to welcome our new investors who bring in a deep set of industry expertise and networks to Nanoprecise's board. We believe their enterprise growth guidance will complement the depth of skills and experience represented on our board and leadership team, as we continue to scale and maintain our leadership in remote condition monitoring and energy efficiency monitoring sector,” said Mr. Sunil Vedula, Founder & CEO at Nanoprecise Sci Corp.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)