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Karma Automotive Launches New Dawn Product Showcase At Auto Shanghai 2019

Vlad Poptamas

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The Karma Pininfarina GT coupe is the first result of a partnership with Pininfarina, the iconic Italian design and engineering house. The Pininfarina team took a new 2020 Revero GT, retained the fundamental engineering parameters and then crafted a new body style, offering an alternative design interpretation.
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Southern California-based Karma Automotive chose Auto Shanghai 2019, the world’s largest automotive show, to usher in a new era for the company and launch its New Dawn product showcase illustrating its immediate, mid-term and long-term future.

“This is the first major auto presence for Karma in China, and marks a significant moment by ushering in a new era for the company,” said Karma CEO Dr. Lance Zhou. “Today, Karma is ready to move forward with bold steps, a chapter we call our New Dawn.”

Karma’s New Dawn Features “Shanghai Big Three”
The luxury electric vehicle automaker punctuated its design, customization and high-tech engineering capabilities by presenting three new products, a trio Karma calls its Shanghai Big Three:

  • A new 2020 Karma Revero GT luxury electric vehicle: it’s fast, smart, stunning in design, and will be available for sale during the second half of this year. The new car offers improved technology, performance, interior and exterior options and customization capability. It features a TwinPower Turbo three-cylinder in-line engine supplied by BMW AG to power an on-board electric generator and enhance overall vehicle performance. Karma engineers created a world-class electric drive system that alongside a series of other technological advancements enables the new 2020 Revero to be as fast as it looks.
  • The Karma Pininfarina GT coupe: the first result of a partnership with Pininfarina, the iconic Italian design and engineering house. The Pininfarina team took a new 2020 Revero GT, retained the fundamental engineering parameters and then crafted a new body style, panels and interior, offering an alternative design interpretation. Typically, Pininfarina reserves the GT (Gran Turismo) designation for only in most exceptional in-house creations; this is the first time in its history that Pininfarina graced a collaborative project with its GT.
  • The Karma SC1 Vision Concept: a signpost to Karma’s future – one that recognizes and embraces full electrification. The roadster reimagines Karma design language for tomorrow and soon-to-come customization options, and shows the brand’s future direction based on full BEV offerings at the company’s core. The Karma SC1 Vision Concept features the best of some of tomorrow’s cutting-edge technologies with Karma’s distinctive take on integration. At the core of SC1 Vision Concept’s technological suite is a new infotainment architecture with 5G connectivity as well as a humanized communication system, which integrates touch, voice, eye, and graphical interfaces to enable seamless interaction with the roadster.

“Taken together, our Shanghai Big Three shows what Karma is today, what Karma can be tomorrow, and where Karma is heading in the future,” Zhou said.

Karma Is More than Just a Car Company
As part of its Value Forward business strategy, Karma is pursuing an “open-platform” philosophy to attract partners, technology and know-how, create efficiency and enhance long-term brand value. Karma’s luxury electric vehicle niche and in-house engineering resources offer innovators an excellent test bed to incubate, grow and prove their emerging technologies, creating opportunities for the company to generate new revenue streams for its customization and technology expertise.

“We are agile, nimble, and can move fast with a deep sense of urgency; that’s Karma’s big advantage,” he explained. “We will use partnerships with like-minded collaborators to accelerate our progress by acquiring and developing key technologies important to connectivity, performance, artificial intelligence, shared mobility platforms and electrification.”

Zhou’s plan is fueled in part by partners like Pininfarina whose design expertise helps the company accelerate product development, differentiation, and personalized customization that allows every Karma to be special. Pininfarina is attracted to Karma, Zhou added, because its luxury electric vehicle platform can help advance their growth strategy in North America, especially after opening a new design center in Los Angeles.

“This kind of collaboration illustrates Karma’s open-platform philosophy,” Zhou said. “Partners can use our product platform as an incubator to test and prove their new innovations, and likewise, our engineering and design resources can be offered to help other partners advance their needs. So, yes, Karma is a car company but Karma is not just a car company.”

Growing Good Karma
The Karma Automotive story started in 2014 when The Wanxiang Group, a multinational automotive components manufacturing company with headquarters in HangzhouZhejiang province, China, founded the business. Today, Karma employs nearly 1,000 people across four sites:

  • Global Headquarters: Irvine, Calif.
  • Karma Innovation & Customization Center: Moreno Valley, Calif.
  • Detroit Technical Center: Troy, Mich.
  • Karma China Design & Engineering Center: Hangzhou, China

“We have the advantage of private equity backing from extremely supportive owners who are allowing us to grow the business progressively and smartly,” Zhou said. “We are focused on a gradual, but progressive rollout strategy aimed at putting the building blocks of a car company in place – a growing dealer network, committed supply chain, craft center and a talented workforce.”

By establishing Karma in the U.S. first – the world’s most demanding luxury market – Zhou said he believes the company can succeed anywhere. “Karma will be live in Europe and the Middle East next year and then Asia,” he added. “We will be in China by 2021. By gradually expanding our presence this way I am confident our company – and our products – will be well prepared for the discerning Chinese luxury buyer of the future.”

The Karma Innovation and Customization Center (KICC)
Karma chose to headquarter and build a craft production facility just 60 miles from its global headquarters in Irvine, Calif., to purposely and meticulously build one-of-a-kind cars..

Representing a total investment of more than $100 million, Karma’s innovation and customization hub first came to life in 2015 and now comprises the very latest in automotive technology and tooling over a sprawling 556,000 square feet under one roof in Moreno Valley, Calif.

“The name, Karma Innovation and Customization Center, reflects our future focus and growing skillset centered on innovation, customization and technology integration,” Zhou said. “KICC’s skilled workforce take great pride in delivering distinctive luxury electric vehicles with world-class design, technology and personalization.”

Karma’s exclusive design and craftsmanship allows it to take customization to a new level enabling every Revero to be special, and supports a fundamental commitment to unrivaled customer treatment. KICC will also house a VIP Customer Experience Center offering every Karma owner a personalized look into the company’s focus on luxury, high technology, customization and special treatment.

California’s Shining Star
With the Shanghai Big Three, especially the new 2020 Revero GT, Karma seeks to firmly establish itself as an authentic and credible player in the luxury electric vehicle segment – the only automaker, Zhou notes, who is actually designing, engineering, marketing and handcrafting vehicles in Southern California.

“While many other business have left our region in search of less regulation and easier paths,  Karma chose to do business in California for the long term,” Zhou said. “Karma and California are united in spirit. This is home to innovators, entrepreneurs and big thinkers; a land where anything is possible and where the next generation of luxury will come from. That’s why I want Karma to become California’s shining star.”

Editor’s Note: The larger design, customization and engineering story behind the new 2020 Karma Revero GT, Karma Pininfarina GT and Karma SC1 Vision Concept can be found at the Karma Newsroom:www.karmanewsroom.com

Meet Karma Automotive and Karma Revero
Karma Automotive designs, engineers, and markets luxury electric vehicles, all from its Southern California base of operations. Founded in 2014 and employing nearly 1,000 people worldwide, Karma Automotive is committed to elevating and growing the luxury mobility experience for its customers and draws on global relationships and technology partners to achieve this. The Karma Revero is a luxury electric vehicle powered by dual electric motors that embodies Karma’s goals of offering leading automotive design, technology, customization and an outstanding customer experience. Every Revero is created with great individual care and world-class craftsmanship at the Karma Innovation and Customization Center in Moreno Valley, Calif.

 

SOURCE Karma Automotive

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Converge Technology Solutions Announces Appointment of Mr. Ralph Garcea to Board of Directors

Vlad Poptamas

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Photo source: twitter.com / @ConvergeTSC
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Converge Technology Solutions Corp. (“Converge” or “the Company“) (TSXV:CTS) (FSE:0ZB) (OTCQX: CTSDF) is pleased to announce the appointment of Ralph Garcea as an independent director of the Company, effective immediately. The addition of Mr. Garcea will bring the Converge Board of Directors to a total of five individuals, four of whom are considered independent.

Mr. Garcea was a top-ranked research analyst, well regarded for his knowledge of Canadian technology, gaming and industrial companies, having received top three rankings in the past from Brendan WoodsGreenwich, Starmine, and Thomson Reuters surveys. Mr. Garcea has more than 22 years of experience in senior positions at both major and boutique investment dealers in Canada. He is the current managing partner and co-founder of Focus Merchant Group, a boutique advisory firm offering a full range of financial advisory services including strategy, mergers and acquisitions, private placements, RTO/IPO advice, valuations, fairness opinions and board of director selections.

“We are pleased to welcome Ralph Garcea to our Board of Directors, given his extensive capital markets experience in the technology sector,” stated Gordon McMillan, Chairman of the Board of Converge. “Ralph’s unique insight and experience will be instrumental as we continue to implement Converge’s strategic business plan.”

Mr. Garcea holds a Bachelors Degree (Honours) in Engineering Science (Aerospace) from the University of Toronto, and an M.B.A. (Honours) from the Schulich School of Business at York University.

 

SOURCE Converge Technology Solutions (CTS)

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For the Third Year in a Row, Sabio Takes Top Honor in Best Use of Mobile Technology Category at the Pollie Awards

Vlad Poptamas

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Photo source: Techiexpert.com
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Sabio, the media and technology company behind App Science®, a proprietary machine learning platform that pairs observations of consumer behavior to corresponding data that inform marketing decisions, today announced it was recognized as the Pollie Awards Best Use of Mobile Technology category winner for the third year in a row.

The Pollie Awards recognize the leaders, innovators and exceptional work within the political communications and public affairs industries.

Commenting on the win, Joe Camacho, CMO of Sabio stated, “We are thrilled to be recognized for our public affairs industry work by this prestigious award. These award wins further validates the capabilities of our App Science® technology to consistently deliver the campaign winning support that political candidates need.”

App Science® can be used to target and deliver custom ads with unique technological features that resonate with today’s voters and uses Artificial Intelligence to find the right voters and target them at the right moment with the latest creative capabilities.

For a Republican Congressional campaign, Sabio used its proprietary App Science® technology to target registered Republicans, analyze the mobile behaviors of those voters such as the types of apps they use, to identify center-right leaning registered Independents and Democrats that can potentially swing a tight election. Sabio also incorporated animation and a mobile devices touch and gyroscopic technology to create custom ads that included an election day reminder feature that added the date to their phone’s calendar.

The main goal was to reach the candidate’s most likely voters with a compelling ad that utilized the latest technologies to identify, target, persuade, and remind them about the upcoming midterm election and to get them to the polls with compelling and cost efficient media. By utilizing its proprietary App Science® technology in combination with innovative custom ads that resonated with voters, Sabio helped the campaign reach more voters with fewer dollars and contributed to the nominee’s win.

The Pollie Awards and Conference is hosted by the American Association of Political Consultants and is one of the most prized and sought-after awards in the political communications and public affairs industries. The conference and awards ceremony was held in Napa, California in early April.

 

SOURCE Sabio

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ParallelDots Wins the Tech4Future Grand Challenge Powered by Invest India and SoftBank Group

Vlad Poptamas

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Team ParallelDots
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ParallelDots, Inc., an artificial intelligence company, has won the Tech4Future Grand Challenge powered by the Japanese conglomerate SoftBank and Invest India. The company has received a cash prize of USD 50,000. SoftBank has also invited ParallelDots for an incubation opportunity for 2-3 months in Japan.

The Tech4Future challenge was launched in November 2018 aimed at identifying the most promising Indian startups in the domain of artificial intelligence (AI), machine learning, facial recognition and cyber security sectors. A total of 300 startups applied for the challenge. ParallelDots’ Chief Executive Officer, Angam Parashar attributes the company’s success to the strong research and development capabilities of ParallelDots which is constantly pushing the boundaries of its retail AI platform, Karna AI.

Karna AI provides an image recognition solution to CPGs and Retailers to track key shelf KPIs such as share of shelf (SOS), planogram compliance and out of stock (OOS).

Ankit Narayan Singh, CTO at ParallelDots, said, “This recognition is a testament to the immense effort put by our machine learning engineers to create SKU detection algorithm that needs just one sample image to train. Our research work has been published in top AI conferences like NIPS, ISBI and NAACL.”

ParallelDots revenue has grown 5x in the last 12 months with a global clientele spread across multiple geographies including the United StatesEuropeSoutheast Asia and India. The company has raised $2 Mn from Multipoint Capital and hopes to break even by the end of 2019.

 

SOURCE ParallelDots

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