Sector Closeup: #Technology is driving change in the #Automotive
industry Stocks (OTCQB: $FNHI) (TSXV: $DYA.V) (OTC: $DYFSF) (NASDAQ: $NUAN)
(TSXV: $NNO.V) (OTC: $NNOMF)
Point Roberts, WA and Delta, BC - September 6, 2019 (Investorideas.com
Newswire) Investorideas.com, a leading investor news
resource covering automotive stocks releases a snapshot focusing on the rise of
technological innovations that are beginning to shape the future of the
automotive industry.
A recent article in Forbes discussed
how technology is driving change in the automotive industry saying, "If
you identify the key building block of the auto industry during its first 130
years, you would have to point to engineering. It was engineering that made
automobiles, our personal transportation devices, possible in the first place.
And it is engineering that kept the line of progress moving forward decade
after decade. Engineering made cars safer, more fuel-efficient, more
comfortable, more durable, and more useful. It is responsible for the immense
progress the auto industry has enjoyed and for the incredible benefits that
personal transportation has delivered to the people of the globe. But going
forward, engineering won't serve as the prime driver of the auto industry,
according to Sreenivasa Chakravarti, Vice President - manufacturing, Tata
Consultancy Services. Instead, he asserts, the key driver will be data
science."
Continued in the
article, “Electrification, autonomous operation, vehicle-sharing all appear to
have the potential to change the auto industry in a fundamental way.”
Also in recent news, “Japan and France on Monday said they had
agreed to share information and explore deeper cooperation in next-generation
auto technology. In a statement, Japan's trade ministry said the two
governments had agreed to start talks to bolster possible cooperation in areas
such as automated driving, batteries and electric vehicles (EV). They agreed to
discuss policy toward sharing information, supporting transformation of the
auto industry environment and exchanging opinions about potential further
cooperation in industrial policy for the automotive industry, according to a
memorandum of cooperation released by the ministry.”
As we see this rise in automotive innovations, patent protection and
first mover advantage looks to become essential to the companies in this space.
Franchise Holdings International Inc. (OTCQB: FNHI), Worksport Ltd.’s parent company, has
recently received its second US Patent Office trademark allowance (and the
third for the company in 2019 so far), gaining additional coverage and rights
to the Worksport word mark, further protecting its innovative line of light
truck tonneau covers in the US, its primary market.
Previously, Worksport
received US approval for ‘all claims submitted’ for its new full-bed access
light truck cover, the only one in the industry that does not extend into the
truck bed. The Company in 2019 was also awarded first full trademark rights to
‘its Worksport trade name in Canada’ for the stylized Worksport logo.
“Worksport has now
added to its arsenal of intellectual property assets the much-coveted word mark
in our industry class, not just the logo mark, which we previously possessed,”
said Worksport and FNHI CEO, Steven Rossi. “This gives us full and absolute
protection rights for our brand identity, which we will enforce. Our name is
important to our success, as it closely matches our amazing company culture of
entrepreneurs, do-it-yourselfers (DIY), small business owners and outdoor
enthusiasts.”
Worksport is also
trending towards another record quarter for revenues, as it continues along its
best year and best quarters on record.
“This year is history
in the making for Franchise Holdings International as it builds out a solid
infrastructure of products, intellectual property assets, and long-term
customer relationships,” Rossi added. “Our team is now operating at maximum
productivity, with accounting filing a record Q2 report on-time and Research
and Development reaching milestones in new product design, engineering, and the
build out of our intellectual property portfolio, legally protecting our many
proprietary innovations.”
Rossi said that
Worksport intends to budget earnings from operations to expedite the
development of its Helios product line.
These complementary truck accessories will charge forthcoming electric
trucks with Worksport’s proprietary solar technology infused with its most
advanced truck bed covers, a major breakthrough innovation. Management will
update the public and shareholders on breaking developments in the coming
future.
dynaCERT
Inc. (TSXV: DYA) (OTC: DYFSF) also recently provided updates regarding the advancement of its
intellectual property related to its on-board, on-demand hydrogen injection
systems for diesel engines and carbon credits.
The Company was
granted on April 9, 2019, a very key US Patent, (i.e. patent number
10,253,685), called “Method & System for Improving Fuel Economy &
Reducing Emissions of Internal Combustion Engines”. The Canadian version (i.e.
patent application number 2882833), of this patent was granted on June 4, 2019;
the required fee has been paid and dynaCERT
is currently awaiting the issuance of the patent from the Canadian Patent
Office. A continuation application with additional claims to US Patent number
10,253,685 was filed on February 20, 2019 and is currently pending.
In addition, dynaCERT has several other patent
applications filed in the US, Canada and other parts of the world, and patents
pending for different aspects of the HydraGEN™ Technology. These are
progressing through the normal patent application process. The Company’s
R&D team is currently working on improvements to the existing HydraGEN™
Technology, and it is the intention of the Company that patent applications
capturing such improvements would be filed in due course. Some of the
significant patent applications are described below.
The Company received
the Notice of Allowance on May 2, 2019 on US patent application number
15,298,783 “Management System and Method for Regulating the On-Demand
Electrolytic Production of Hydrogen and Oxygen Gas for Injection into a
Combustion Engine” referred to by the Company as the “Smart ECU patent”. The
application is expected to issue as US Patent number 10,400,687 on September 3,
2019. The embodiments of the US Patent relate to a management system and method
that can simultaneously reduce polluting emissions and improve the performance
of an internal combustion engine by: determining dynaCERT’s reactor performance level or calculating the amount of
gas being generated by dynaCERT’s
on-demand electrolytic reactor; monitoring the engine performance level,
determining whether the engine performance level would change, (i.e. decrease
or increase, or remain the same) to forecast a future engine demand level;
adjusting the reactor performance level to improve the engine performance ahead
of the forecast future engine demand level materializing to minimize parasitic
loss associated with reactors operating continuously, (i.e. reactors that are
not capable of adjusting their performance level or the level of produced gas
according to the real time engine performance level); and thereby, improving
the engine performance and reducing emissions. Following PCT applications in
2017, patent applications have been filed in Canada and other countries, and
are awaiting review.
Two continuation
applications (i.e. number 16,514,460 and number 16,514,543), claiming the
benefits of the US Patent number 10,400,687 (“Management System and Method for
Regulating the On-Demand Electrolytic Production of Hydrogen and Oxygen Gas for
Injection into a Combustion Engine”) were filed on July 17, 2019.
dynaCERT has also filed in 2018, a PCT Application entitled
“Systems and Methods for Tracking Greenhouse Gas Emissions Associated with an
Entity”. This application PCT/CA2018/051235 is a method to securely and
accurately capture and transmit data on greenhouse gases associated with the
following: Residential Entity (single-family residence, townhouse, condo,
apartment building), Industrial Entity (factory), Commercial Entity (medical
building, educational institution), Power Generation Entity, Railway Entity,
Marine Entity, Aviation Entity, On-Road & Off-Road Entities (trucks, cars,
buses, ATVs), Agricultural Entity (tractors, combines, barns). The Company also
included fertilizers, pesticides and other chemicals and carcinogens in its
patent scope. dynaCERT’s data
collector, the Smart ECU, when attached to the emission source by way of
sensors or any other measuring devices, can directly measure emissions output.
When the data is collected for the first time, it goes through a series of
validation processes in order to determine an emission offset measurement based
on an emission baseline. The output data is encrypted and then transmitted to a
portal or platform where the data is analyzed to determine any changes in
emissions output to validate compliance, determine amount of greenhouse gas
credit or offset such as Carbon Credits required for trading.
Mr. David Bridge,
Senior Technology Advisor of dynaCERT
stated, "These patents and patent applications continue to propel dynaCERT as a leading international
innovator in the field of carbon emission tracking and carbon credit solutions.
We are thoroughly sensitive to the imperative of intellectual creativity across
a plurality of industries while upholding a very real-world approach to
developing breakthrough technologies that can save lives and improve global
health in our lifetime and much further beyond."
Jim Payne, CEO of dynaCERT stated, “I congratulate and
thank David Bridge and his team of professionals for their exceptional
achievements in continuing to strengthen our intellectual property and patents.
dynaCERT is committed to maintaining
its leadership through ingenuity in Carbon Emission Reduction Technology. Our
corporate social responsibility is to create a better world for our children,
grandchildren and many generations to come.”
Dr. Stephen Campbell,
Chief Technology Officer at Nano OneTM
Materials Corp. (TSXV: NNO) (OTC: NNOMF) recently provided an update on Nano One’s latest lithium
nickel manganese cobalt (NMC) innovations and how they are aimed at making high
energy lithium ion batteries safer and more durable.
Dr. Campbell
explains, “Nano One's latest innovations
provide added durability and safety to NMC cathodes by protecting them from the
stresses of repeated charging and from undesirable side-reactions. We are able
to form protective coatings on individual particles and this is clearly
differentiated from others who are developing coatings on larger clusters of
particles. The stresses of repeated charging cause large coated clusters to
break apart, leaving individual particles on the inside exposed to side
reactions. By protecting the individual particle, Nano One is engineering new
materials for increased durability and safety. Our technology is particularly
relevant to high energy nickel-rich NMC batteries because it provides added
protection."
The automotive
battery industry is actively pursuing higher nickel content in lithium ion
batteries because it can boost energy density and thereby extend vehicle range
while reducing the cobalt content and its inherent supply chain risk. However,
this comes with increased risk to stability, durability and safety. By
protecting each nanoparticle rather than larger clusters, Nano One's technology
is aimed at mitigating these risks.
Nano One's latest
process innovations make NMC materials with a protective coating in fewer steps
and form individual nanoparticles that are designed to resist cracking and
withstand the rigors of repeated charging. Nano One is able to control the
formation of its patented NMC materials using innovative manufacturing
technologies, which are themselves protected by patents in the US, Canada,
Taiwan, China, Japan and Korea.
Dr. Campbell said, “These are novel materials and coatings
that have the potential to enable stable, low cost, fast charging and energy
dense cathodes ideal for electric vehicles and other high energy density
applications. These innovations differentiate Nano One and add considerable
value to the development activities we now have underway with our automotive
and battery materials partners."
Nuance
Communications, Inc. (NASDAQ: NUAN), a leading provider of conversational AI, recently announced that it will host its 2019 China Auto Forum
on September 4, 2019, in Shanghai. With the theme “Digital Transformation: the
Engine of New Business Value,” the China Auto Forum brings together industry
luminaries, the region’s leading automakers, and Nuance experts as they explore
how digital transformation can create innovative business value and accelerate
growth in the market.
“As we prepare to spin out from Nuance and create Cerence, this event is
an important milestone for the business and our relationships across Greater
China and the rest of the world,” said Charles Kuai, Corporate Senior Vice
President & President, Greater China Region, Nuance Communications. “The
automotive industry is undergoing a transformation from hardware- to
software-focused vehicles as automakers apply greater focus on the in-car
experience and services. I look forward to discussing this transformation with industry
leaders and showcasing how our automotive business brings unique value as we
navigate this changing landscape.”
Auto Forum attendees will hear from industry thought leaders, including
Ning Wan, Co-founder of TMTPost, Initiator Director of ITValue, and Dean of
Research Institute of TMTPost; Kevin Li, Director, China Market Research,
Global Automotive Practice, Strategy Analytics; Jing Lei Cheng, President,
EVELOZCIT; Shuang Xi Huang, General Manager, Intelligent Hardware Business,
iQIYI; and Hongze Yang, Chairman, Autolink. Attendees will also experience the
latest innovations from Nuance Automotive’s China team, including an on-road
demo of a fully customized mobility assistant platform built specifically for
the Chinese market; ARK, a new, localized, turn-key voice AI solution; and
innovative systems built together with key OEMs such as ECARX and Banma.
Nuance Automotive, which is expected to spin off from Nuance on October
1, 2019 and become independent, publicly-traded Cerence Inc. delivers immersive
experiences that make people feel happier, safer, more informed, and more
entertained in their cars. Bringing together voice, touch, gesture, emotion,
and gaze innovations, it creates deeper connections between drivers, their cars
and the digital world around them. It currently powers AI in more than 280
million cars on the road globally across more than 40 languages and for nearly
every major automaker in the world, including Audi, BMW, Daimler, Ford, Geely,
GM, SAIC, Toyota, and many more.
As the automotive industry continues to evolve we can expect to see
these new technological innovations playing a larger and larger role in the
industry’s trajectory which is good news for companies looking to enter this
space as well as the consumers who will enjoy a more data driven and renewable
focused automotive experience.
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