<div>
  <p>
    <b>New product/service launch</b>
  </p>
  <ul>
    <li>
      <p>
        <a href="https://sp-edge.com/companies/348518">
          Function of Beauty
        </a>
         launched a new Function of Beauty PRO hair care range in 300 Sephora locations across North America and online. (August 15, 2023; 
        <a href="https://www.prnewswire.com/news-releases/function-of-beauty-introduces-new-function-of-beauty-pro-collection-exclusively-at-sephora-301900437.html">
          Press release)
        </a>
      </p>
    </li>
  </ul>
  <p>
    <b>Partnership</b>
  </p>
  <ul>
    <li>
      <p>
        PulpoAR, a provider of omnichannel virtual try-on solutions utilizing AR and AI technologies for beauty, makeup, and fashion brands, partnered with beauty brand Yves Rocher to conduct web-based skin analyses. (August 14, 2023; 
        <a href="https://www.accesswire.com/773622/PulpoAR-Provides-AI-Powered-Skin-Analysis-and-Product-Recommendation-Software-Solutions-to-Yves-Rocher">
          Press release)
        </a>
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


The intersection of beauty and technology to deliver hyper-personalized products.

Beauty Tech

Function of Beauty, a hair care brand, has launched a new hair care range called Function of Beauty PRO in 300 Sephora locations across North America and online. The company aims to expand its reach and offer its products to a wider audience. In another partnership, PulpoAR, a provider of virtual try-on solutions, has collaborated with beauty brand Yves Rocher to conduct web-based skin analyses. This partnership will utilize AR and AI technologies to enhance the customer experience and provide personalized recommendations for skincare products.

Monthly News Summary (August 2023)

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

PROMINENT_CATEGORY

Hexxcell and Tranter partner to digitize heat exchanger maintenance

INCUMBENTS_PRESENT

<div>
 <p>Dassault Systèmes, a software company, has renewed its strategic alliance with Jaguar Land Rover (JLR), a car manufacturer, for an additional five years. This partnership aims to enhance the company's efficiency and production management.</p>
 <p>In the scope of this extended collaboration, JLR plans to adopt Dassault Systèmes' 3DEXPERIENCE software broadly. This advanced software facilitates the development of virtual twins, supporting the auto manufacturer in enhancing productivity, optimizing manufacturing procedures, and reducing waste and related costs. This comprehensive software will synchronise processes like conceptualization, setting benchmarks, system engineering, design, and manufacturing in one shared interactive platform.</p>
</div>

Dassault Systèmes extends strategic partnership with JLR to implement 3DEXPERIENCE software

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

<div>
 
 <p>An alliance has been formed between Helsinki's quantum hardware firm IQM Quantum Computers and Hewlett Packard Enterprise (HPE). Their objective is to present an assimilated hybrid quantum and high-performance computing (HPC) model at the International Supercomputing Conference (ISC) High Performance 2024.</p>
 <p>By working together, the partners intend to showcase a unified hybrid system that capitalizes on the combined capabilities of quantum and HPC for enhanced computational capacity.</p>
 <p>As part of its future strategy, IQM will assist HPC centres in preparing for quantum technology and will supply hardware for implementation.</p>
 
</div>

IQM and HPE collaborate to present quantum-HPC integrated solutions

Empowering sustainable food innovation through food engineering tech

Novel Foods

ANALYST_QUICK_TAKE

<div>
 <p>Bene Meat Technologies, a Czech startup, recently debuted its cultivated pet food product for dogs and cats during the Interzoo trade Fair in Nuremberg. The startup emphasizes on producing ethical and sustainable pet nutrition and refrains from using fetal bovine serum (FBS) in the production process. They aim to commercially launch the product by the end of 2024.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In November 2023, the company received <a href="https:<br>
//sp-edge.com/updates/23691"> EU approval </a> for its lab-grown meat product, allowing it to begin scaled production ahead of its planned commercial launch. Meatly, another company using cultivated meat for pet foods, recently unveiled <a href="https:<br>
//sp-edge.com/updates/27684"> OmniFeast </a> , a product made using cultivated chicken.</p>

Bene Meat Technologies introduces cultivated meat pet food at Interzoo Trade Fair

A booming food and beverage segment with a history as rich and varied as its present-day product offerings.

Plant-based Dairy & Egg

<div>
 <p>New Culture, a producer of animal-free dairy, is collaborating with global fermented bioproducts supplier, CJ CheilJedang, to reduce the production cost of its animal-free casein protein, a key ingredient in making their mozzarella cheese.</p>
 <p>Due to this partnership, New Culture can utilize CJ CheilJedang's extensive fermentation facilities, thereby increasing production volume and reducing expenses. The company's inaugural product, an alternative to mozzarella, is scheduled to launch at Nancy Silverton’s Pizzeria Mozza this year.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/14280"> November 2022 </a> , <b> </b> New Culture received an undisclosed investment from CJ Cheijedang—in addition to its <a href="https:<br>
//sp-edge.com/updates/6849"> USD 25 million </a> Series A funding—to scale production. The company has <a href="https:<br>
//sp-edge.com/updates/21029"> scaled </a> its production platform to produce cheese for 25,000 pizzas in a single run and aims to achieve price parity with conventional dairy within three years.</p>

New Culture partners with CJ CheilJedang to produce affordable animal-free casein protein

A new wave of meat, fish, and poultry alternatives are driving this hyper-growth industry into the mainstream.

Plant-based Meat

<div>
 <p>UK-based alternative protein producer MYCO has introduced burgers and sausages made from Hooba oyster mushroom protein. The initial production includes 10,000 burgers and 20,000 sausages, to be released at various UK suppliers. The production process of oyster mushrooms, Hooba protein and Hooba-based products happen at the same plant, significantly cutting down on food miles.</p>
 <p>The company reports that their products have received favourable customer reviews in terms of taste and texture, even surpassing some renowned plant-based brands in blind taste tests.</p>
 <p>MYCO, originally named Hooba and established in 2016, uses oyster mushrooms for their product development. The mushrooms are grown in AI-controlled vertical farms, enabling the company to enhance and automate agricultural systems. This results in decreased land utilisation, waste, food miles and CO2 production.</p>
</div>

MYCO debuts products made from Hooba oyster mushroom protein

Hydrogen Economy

<div>
 <p>The European Union has passed a regulation requiring the majority of new heavy-duty vehicles to be emissions-free by 2040, with a targeted reduction in CO2 emissions from trucks by 90%. This move necessitates an increase in the manufacturing and sale of electric and hydrogen fuel trucks.</p>
 <p>Most trucks in Europe are currently powered by diesel, accounting for a quarter of the continent’s road transport emissions and contributing to numerous health issues caused by air pollution.</p>
 <p>The new law sets incremental targets for truck manufacturers to lessen CO2 emissions by 45% by 2030 (an increase from an earlier target of 30%) and 65% by 2035. Moreover, beginning in 2030, 90% of new urban buses sold must be zero-emission, with the mandate increasing to 100% by 2035.</p>
 <p>The European Automobile Manufacturers' Association (ACEA) hails this as the world's strictest emissions policy. However, its success is dependent on substantial government investment in electric charging infrastructure, with a goal to establish 50,000 truck-compatible charging points by 2030.</p>
</div>

EU approves regulations for heavy-duty vehicles to slash emissions by 90% by 2040

Electrifying passenger and commercial travel

EV Economy

<div>
 <p>The European Union (EU) has passed a regulation requiring most new heavy-duty vehicles to be emissions-free by 2040. The aim is to achieve a 90% reduction in CO2 emissions from trucks, which will necessitate a significant increase in the production and sales of electric and hydrogen fuel trucks.</p>
 <p>At present, a majority of the trucks in Europe run on diesel, accounting for a quarter of the continent’s road transport emissions and contributing to various health issues linked to air pollution.</p>
 <p>The legislation sets progressive targets for truck manufacturers to reduce CO2 emissions. These goals are a 45% reduction by the year 2030, which is an increase from the previous target of 30%, and a further increase to a 65% reduction by 2035. Moreover, from 2030, 90% of new urban buses sold must be zero-emission, with the requirement ramping up to 100% by 2035.</p>
 <p>The European Automobile Manufacturers' Association (ACEA) deems this the most stringent emissions policy globally. However, the successful implementation of this policy depends on adequate government investment in electric charging infrastructure. The target is to have 50,000 truck-compatible charging points by 2030.</p>
 
</div>

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

<div>
 <p>Warehouse automation solutions provider, Third Wave Automation, has formed a partnership with logistics firm, Holman Logistics. Their collaboration aims at deploying autonomous forklifts within Holman's multi-client warehouse located in Spanaway, Washington.</p>
 <p>The advanced forklifts come with an AI-powered system which makes it possible for a single operator to manage multiple machines at once. The forklifts are versatile with capabilities to function in completely autonomous, remote assist, remote operation, and manual operation modes. They are adept at handling a variety of tasks like managing full-pallet inbound movements, racking, and pallet picking among others.&nbsp;</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Today’s partnership adds Holman Logistics to Third Wave Automation’s growing list of customers, including C.H. Robinson Worldwide.</p>

Third Wave Automation partners with Holman Logistics to deploy AI-driven forklifts at warehouse in Washington

Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

<div>
 <p>The European Union has passed a stringent regulation stipulating that by 2040, majority of new heavy-duty vehicles need to be emission-free to achieve a 90% reduction in CO2 emissions from trucks. This move would prompt a significant boost in the production and sales of electric and hydrogen fuel trucks.</p>
 <p>Currently, diesel-powered trucks dominate in Europe, accounting for a quarter of the continent’s road transport emissions, and contributing to various health issues related to air pollution.</p>
 <p>The regulation sets forward-looking targets urging truck manufacturers to cut down CO2 emissions by 45% by 2030, which is a revision from the previous 30% target. Furthermore, it demands a 65% reduction by 2035. Furthermore, starting from 2030, about 90% of all new urban buses sold must be zero-emission, a requirement that is set to increase to 100% by 2035.</p>
 <p>While the European Automobile Manufacturers' Association (ACEA) labels these regulations as the most severe emissions rules globally, their success is heavily reliant on substantial government funding in electric charging infrastructure. The aim is to establish around 50,000 truck-compatible charging stations by 2030.</p>
 
</div>

All Updates

Hexxcell and Tranter partner to digitize heat exchanger maintenance

Dassault Systèmes extends strategic partnership with JLR to implement 3DEXPERIENCE software

IQM and HPE collaborate to present quantum-HPC integrated solutions

Bene Meat Technologies introduces cultivated meat pet food at Interzoo Trade Fair

New Culture partners with CJ CheilJedang to produce affordable animal-free casein protein

MYCO debuts products made from Hooba oyster mushroom protein

EU approves regulations for heavy-duty vehicles to slash emissions by 90% by 2040

EU approves regulations for heavy-duty vehicles to slash emissions by 90% by 2040

Third Wave Automation partners with Holman Logistics to deploy AI-driven forklifts at warehouse in Washington

EU approves regulations for heavy-duty vehicles to slash emissions by 90% by 2040