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A SHIPLEY-based technology development firm has announced it is to become an employee-owned company. The directors of Consult Red, which works with some of the world’s largest brands, are transferring shares of the £18m turnover business to an Employee-owned Trust (EOT) to benefit employees. Established in 2003 by five engineers, Consult Red works with brands including Virgin Media and Liberty Global, Sky and Comcast, plus AT&T and DirecTV, with connected devices and systems developed by the firm currently in more than 30 million homes worldwide. In the last 12 months alone, Consul...

© Nintendo Nintendo spent a record amount on R&D (Research and Development) Over the course of the last financial year Nintendo spent 93.2 billion Yen on research and development expenses, which is north of $850 million. The key thing to note is that this was an increase of 10.8% over the previous year. Senior Analyst at Niko Partners, Daniel Ahmad, shared an informative graph that shows this is also a record for Nintendo; the orange line shows it was actually a drop in percentage of overall revenue, but as it was such an outstanding year for Nintendo this is no surprise. Nintendo continues ...

Article by Amanda Jasi THE UK Government has announced that it is making an additional £250m (US$345.5m) in funding available to support UK participation in Horizon Europe, the EU’s 2020–2027 research and innovation funding programme, with a budget of €95.5bn (US$113.81bn). This follows uncertainty about how the nation would fund its association with the programme, with concerns for the scientific community being exacerbated by cuts to the Department of Business, Energy & Industrial Strategy’s budget for research and innovation, and climate efforts. It had been thought that the BEIS ...

E-mobility Possibilities Inches Closer To Reality For Boat Production   Recreational Marine Gets Serious About Electric Propulsion Electric and hybrid propulsion systems in recreational boating have been on the horizon for multiple decades with no mass market solution in sight, especially in the United States. That said, there’s a sputtering paradigm shift in the making as ‘climate neutral’ technology wriggles its way forward and electric inboard and outboard engines are brought to market. The newest ‘It’ expression for marine marketers is ‘sustainability’. It’s a big focu...

Rimac Automobili revealed for the first time its new campus home in Croatia. The new headquarters will be built on Zagreb's outskirts thanks to an investment of over 200 million euros ($238 million).