Day: March 13, 2024

TOKYO, JAPAN / ACCESSWIRE / March 13, 2024 / The Tokyo Metropolitan Government is proud to announce the launch of Tokyo Innovation Base. Combining the facilities of the startup campus and business networking hub in the beating heart of Japanese commerce and culture, Tokyo Innovation Base (TIB) seeks to supercharge the local startup scene and position Tokyo as a premier global hub for innovation and entrepreneurship.

City with a mission

Organized by the Tokyo Metropolitan Government with a mission to catalyze innovation and drive societal progress, TIB aims to make Tokyo the most startup-friendly city in the world.

The Japanese government has already pushed through legislation and earmarked funding to grow the number of startups and new business launches in the capital tenfold over the next five years. This "Five-Year Startup Development Plan," announced in November 2022, includes increasing the current annual startup investment of 800 billion yen to 10 trillion yen by FY2027, and creating 100 unicorns and 100,000 startups in the future.

Koike Yuriko, Governor of Tokyo, expressed her vision for Tokyo Innovation Base: "Our core values at TIB are global, growth, collaboration, and connect. We hope to see entrepreneurs and innovators born here and gather from all over the world. Tokyo is committed to supporting all innovators."

Node of Innovation

TIB will do its part in supercharging Tokyo’s startup ecosystem with a focus on collaboration, access, and networking. By providing a space for entrepreneurs, investors, and representatives from established companies and government to mingle and exchange ideas freely, TIB serves as a convergence point where ambitious minds unite to drive societal progress through groundbreaking ideas and cutting-edge technologies.

Over 140 corporate partners have established ties with TIB, to foster ecosystem collaboration by connecting startup ecosystem builders and investors with key stakeholders in Tokyo and Japan.

Concierge

At Tokyo Innovation Base, we want to ensure that startups truly take off. Offering access to over 50 experts from a wealth of industries for one-on-one meetings, our concierge program caters to early-stage startups, later-stage startups interested in establishing a presence in Japan, and future founders exploring business opportunities in Japan.

Mentorship covers everything from guidance specific to your industry, to more general assistance such as pitch training sessions, business ideation, and facilitation of partnerships with Japanese corporations.

Events

As a major hub for startups, universities, venture capitalists, and support organizations, Tokyo provides fertile ground to connect with major industry players and a truly enormous customer base.

TIB’s regular networking events seek to bring the people that can matter together.

Exhibit

TIB’s permanent exhibition hall provides space for startups to show off their latest innovations. One of the hardest parts of launching a new business, product, or service can be raising awareness in the people who matter. With TIB’s 140 corporate partners and ecosystem of VCs and entrepreneurs, whether you’re looking for partners or investment, there is no better place to start.

Calling all innovators

Don’t take our word for it: Tokyo Innovation Base is having its grand opening in May, and it’s open to all. For more information, please check our website and follow us on social media.

Website: https://tib.metro.tokyo.lg.jp/en
LinkedIn: https://www.linkedin.com/company/tokyoinnovationbase/
X: https://twitter.com/TIBTokyo

Contact

For media inquiries or more information about Tokyo Innovation Base, please contact:

Office for Startup and Global Financial City Strategy, Tokyo Metropolitan Government
Email: tokyo_innovation_base＠tohmatsu.co.jp

Contact Information

Tokyo Innovation Base TIB
Media Relations
tokyo_innovation_base@tohmatsu.co.jp

Related Images

SOURCE: Tokyo Innovation Base

View the original press release on newswire.com.

Autobrains, an automotive AI powerhouse, is unveiling its new groundbreaking AI technology, Liquid AI, which effectively tackles the three major challenges in today’s automotive AI landscape – covering edge cases, achieving a viable cost point, and bridging the gap between perception and decision.

TEL AVIV, ISRAEL and MUNICH, GERMANY / ACCESSWIRE / March 13, 2024 / Autobrains, a leader in automotive AI headquartered in Tel Aviv, introduces its latest breakthrough: Liquid AI. Liquid AI represents a paradigm shift in autonomous driving and Advanced Driver Assistance Systems (ADAS), addressing challenges that even the best automotive companies struggle to overcome. It combines Autobrains’ signature-based self-learning approach with a modular and adaptive architecture of specialized, scenario-based end-to-end skills. "While current technologies perform well in handling average conventional driving tasks, they fall short when faced with unexpected real-world driving scenarios that demand greater precision. By using or implementing our Liquid AI, automotive companies can close their AI gaps," adds Autobrains’ Founder and CEO, Igal Raichelgauz.

The Challenges Faced by Conventional AI Systems:

• Edge Cases: The infinite variety of unexpected driving scenarios presents conventional AIs with practically unsolvable tasks. Today’s manually trained black-box systems cannot cover edge cases. Attempts to address this by feeding the systems more labeled images result in a loss of trackability and controllability.
• Cost: Addressing real-world driving problems by expanding existing systems with more data, labeling, layers, and computational resources leads to escalating costs and power consumption, resulting in diminishing returns. Achieving a substantial improvement in system accuracy by a factor of 10 requires 10,000 times more computational resources.
• Perception-Decision Disconnect: The missing interplay between perception and decision functions hinders effective and precise decision-making. For the AI to make optimal driving choices, it requires specific information. However, when details are missing or overly complex, precision is compromised, leading to incorrect reactions.

Liquid AI – Human Brain-Inspired:

Autobrains draws inspiration from the human brain, which consists of specialized areas akin to task-specific narrow end-to-end AIs. Just as our brain adapts its architecture based on context – such as light/weather conditions, surroundings, and relevant road users – Liquid AI follows the same approach. Here’s how it works:

• Network of Specialized Narrow AIs: Liquid AI comprises hundreds of thousands of specialized narrow AIs, each designed for specific tasks, making reactions very precise and tailored to the relevant driving scenario. This specialized AI approach enables scalability, ranging from a few tens to hundreds of AIs for ADAS systems, scaling up to thousands for higher levels of automated driving, all the way to hundreds of thousands of AIs for full self-driving.
• Adaptive Architecture: Unlike fixed systems, Liquid AI’s architecture adapts dynamically to the driving context, activating only relevant modules as necessary. This significantly reduces power consumption and compute requirements, not only resulting in cost savings for the System on Chip (SoC) hardware.
• Efficiency and Precision: By mimicking the brain’s flexibility, Liquid AI achieves superior performance, cost-effectiveness, and safety.

The Future of Automotive Intelligence:

Autobrains’ Liquid AI bridges the gap between conventional AI limitations and the promise of truly intelligent autonomous systems. By mimicking the human brain’s flexibility, Liquid AI achieves superior performance, cost-effectiveness, and more explainability and controllability.

About Autobrains

Autobrains is a leading AI company in the automotive industry. Autobrains invented and developed a paradigm-shifting AI technology: Liquid AI – backed by 250+ patents addressing autonomous driving challenges. Implementing this unique AI technology for ADAS applications disrupts the market with its unprecedented perception capabilities, low compute requirements, and agnosicity to sensors and SoCs. The company is backed by strategic investors including Temasek, Knorr-Bremse AG, BMW i Ventures, Toyota Ventures, VinFast, Continental AG, and Autel.

Learn more: https://autobrains.ai.

Contact: sales@autobrains.ai

Contact Information

Sophia Eichler
Director of Marketing
media@autobrains.ai
+49 015167066494

SOURCE: Autobrains

View the original press release on newswire.com.

Photonis Channeltron® Electron Multipliers Soar Into the Alaskan Aurora on NASA’s DISSIPATION Mission

STURBRIDGE, MA / ACCESSWIRE / March 13, 2024 / Photonis, a leading brand of Exosens, has supplied U.S. government agency NASA with Channeltron® (Channel Electron Multipliers) to be used to aid in the detection of particles present within the atmospheric phenomenon known as the Aurora Borealis.

On Nov. 8, NASA’s Goddard Flight Center’s DISSIPATION mission took flight aboard a suborbital, two-stage sounding rocket launched from the Poker Flats Research Range in Fairbanks, Alaska. The launch occurred shortly after midnight and was timed perfectly with the peak of the aurora that morning, which lasted less than half an hour. Ascending into the auroras, the mission aimed to gather crucial data that will shed light on the intricate process of energy dissipation from high-altitude solar winds into the atmosphere. This knowledge holds significant implications for enhancing our understanding of aurora formation and improving space weather predictions.

The DISSIPATION sub-payload features NASA’s MoSAIC (Modular Spectrometer for Atmosphere and Ionization Characterization) instrument equipped with Photonis Channeltron® Channel Electron Multipliers. These specialized detectors play a crucial role in MoSAIC, enabling precise measurements of neutral and ion winds’ composition, density, temperature, and velocity in the upper atmosphere.

"We are excited and honored to contribute our advanced Channeltron Ion Detection Technology to NASA’s DISSIPATION Mission. This collaboration marks another milestone in our commitment to make advanced cutting-edge technology available for the scientific community to explore and understand the mysteries of our universe. We look forward to seeing how our technology aids in unraveling the complexities of the Aurora Borealis and solar winds to improve space weather predictions," said Ulrich Laupper, President and Executive General Manager of the Exosens Ultimate Detection Business Unit.

While it will take scientists a while to analyze all the data, the early results are that the mission was a complete success.

ABOUT PHOTONIS:

Photonis, a leading product brand of Exosens, is a high-tech company with more than 85 years of experience in the innovation, development, manufacture, and sale of high-end electro-optical technologies used in the detection and amplification of ions, electrons, and photons. Photonis offers its customers photo-detection and low-light conditions imaging solutions for extremely demanding environments such as Defense & Security, Nuclear Safety, Life Science, and Industrial & Non-Destructive testing. Photonis is internationally recognized as a leading brand and a major innovator in its fields with production and R&D sites in Europe and North America.

For more information: exosens.com.

Contact Information

Sales Manager
science@exosens.com
5083474000

SOURCE: Photonis Scientific, Inc.

View the original press release on newswire.com.

LUXEMBOURG / ACCESSWIRE / March 13, 2024 / Moolec Science SA (NASDAQ:MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming technology, announced today its Business Update for the second quarter of Fiscal Year 2024 ended December 31, 2023.

The main highlights of Moolec’s business update are as follows:

• SOOY1 | Piggy Sooy Platform: Third generation (T3) soybean seed propagation has started, and fourth generation (T4) seeds are expected to be harvested in April 2024. A molecular analysis reveals that the current T3 soybean population contains a stable number of porcine myoglobin gene copies consistent with a population that is not segregating.
• PEEA1: Scientific team confirms the presence of bovine myoglobin gene in pea seeds and the gene’s stable inheritance across plant generations.
• YEEA1: Moolec´s prototyping platform includes a novel yeast strain that is being developed as a dietary supplement and food ingredient, and Moolec has begun the first of several pre-submission consultations with US-FDA.
• Product Marketing: The next generation of textured plant-protein prototypes produced at Moolec’s industrial and commercial R&D center were presented to the public in Gulfood 2024.
• Financial highlight: Capital Raise of ~$30M with $10M in cash and ~$20M in kind contributions materialized in October 2023 with strategic investors through a convertible note followed by an additional ~$1M raised with farmers in December 2023. Revenues and other income (Ex-IAS 29) of ~$1.7M slightly down QoQ. R&D, Admin and other Expenses in line with historical track record of cost efficiency. Operational cash utilization of ~$4M includes ~$2.7M allocated to lower accounts payable.

"This quarter has been a testament to the dedication and hard work of our team. We have made steady progress in our research and development efforts as well as product development. I am incredibly proud of our team’s delivery and execution. Thank you to the Moolers, and to our partners for their continued support," stated Gastón Paladini, Chief Executive Officer and Co-Founder of Moolec Science.

"Our financial position reflects our commitment on multiple fronts. The strategic partnerships we have formed, most recently with farmers, will be instrumental not only in our funding health, but also contribute to support Moolec’s product growth and commercialization in the near future," declared José López Lecube, Chief Financial Officer for the company. He then continued by saying: "As we move forward, we remain focused on maintaining a healthy financial position and are confident in our ability to navigate the next stages of our growth."

Conference Call

Management will host a Conference Call and question-and-answer session, which will be accompanied by a presentation available during the webinar.

To access the call, please use the following information:

• Date: Wednesday, March 13, 2024
• Time: 08:30 AM Eastern Time (US and Canada)
• Link to join the webinar: https://icrinc.zoom.us/j/92375922161?pwd=Qmt6NzdVUGNWaEhTT1NDOHU3Tjlydz09
• One tap mobile: +13017158592,,92375922161#,,,,*888246# US
• Dial In: +1 301 715 8592 US | Webinar ID: 923 7592 2161, Passcode: 888246
• International numbers available: https://icrinc.zoom.us/u/acVKYeTJwM

Please connect 5 minutes prior to the start time to register and join.

A recording of the call and the pdf version of the presentation will be available after the conclusion of the live event via Moolec’s Investor Relations website.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal-based food, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybean and safflower. Recently, it acquired plant-based ingredient capabilities to consolidate Molecular Farming Technology. Moolec has a growing international patent portfolio (26, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America.

Forward-Looking Statements

This press release contains "forward-looking statements." Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header "Risk Factors" in the Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC"), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of Moolec’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information

Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

Related Files

Moolec Science – Business Update Q2FY2024_Final

SOURCE: Moolec Science

View the original press release on newswire.com.