Press release content from Business Wire. The AP news staff was not involved in its creation.
Elliptic Labs Expands to Taiwan and Signs Proof-of-Concept Contract With a New PC OEM
March 8, 2021 GMT
OSLO, Norway (BUSINESS WIRE) Mar 8, 2021
Continuing its strong push into the PC/laptop market, Elliptic Labs (EuroNext Growth: ELABS.OL) has expanded its team to Taiwan and signed a fifth Proof-of-Concept contract for its AI Virtual Presence Sensor, this time with another top-five PC manufacturer. This project will be done on an Intel Tiger Lake platform.
Elliptic Labs’ AI Virtual Presence Sensor is a software-only solution that automatically turns a laptop’s screen on and off based on whether a user is present in front of it or not. The virtual sensor does this by utilizing the laptop’s existing speaker and microphone to transmit and receive ultrasound signals, then interprets those signals using AI and proprietary algorithms to detect when a user enters or leaves the area.
The Mandarin Oriental owner will pay $5.5 bln to buy out its fellow holding company, unwinding a 1980s-era structure designed to fend off tycoons like Li Ka-shing. A low valuation and cheap funding make it a smart time for the storied Hong Kong trading house to reduce complexity.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Seattle Area Grocery Chain Metropolitan Market to Begin Carrying KOIOS™ and Fit Soda™ on March .
Koios Beverage Corp.March 8, 2021 GMT
Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
T-street Capital Announces Growth Equity Investment In Hyperlite Mountain Gear
March 8, 2021 GMT
(PRNewsfoto/T-Street Capital, LLC)
NEW YORK, March 8, 2021 /PRNewswire/ T-street Capital, LLC (“T-street”), a consumer-focused growth equity fund, announced today that it has completed an investment in the high-performance backcountry superfan brand, Hyperlite Mountain Gear, Inc. (“Hyperlite”). Based in Maine and founded in 2010 by brothers Mike and Dan St. Pierre, Hyperlite is a disruptor within the branded backcountry gear market and a leading innovator, designer, and manufacturer of high-tech, ultralight gear including backpacks, tents, and accessories. Mike St. Pierre created Hyperlite to provide the backcountry athlete with the most technologically advanced materials and innovative products that are lightweight, durable, and highly water-resistant, thereby providing for a transfo