Genesis Drives past One Million Global Vehicle Sales

Sep 20, 2023 | Business

– Genesis has grown its global market share by offering a compelling model lineup and distinguished customer experiences
– One-million cumulative sales milestone achieved in just under eight years since launch
– Genesis strives for sustainable brand growth through its industry-leading EV vision paired with plans to open unique brand experience spaces around the globe

SEOUL – WEBWIRE –

Genesis surpassed its one-millionth vehicle sold, a landmark achievement in global cumulative sales.

The brand announced that it had sold 1,008,804 units in the global market, including 690,177 units in Korea and 318,627 units overseas as of the end of August 2023.

Genesis reached this milestone in less than eight years since its global debut in November 2015, and a mere two years and three months after surpassing the half-million mark in May 2021.

Genesis has been taking audacious steps to create original experiences and values for customers since launching, achieving remarkable growth along the way. Our brand will continue to build distinguished luxury experiences that have never been seen before, said Mike Song, Global Head of Genesis.

Rapid Global Sales Growth Driven by Competitive G80, GV80, and GV70 Models

Since launching in 2015, Genesis has significantly boosted its global sales through the introduction of award-winning competitive models.

Starting with the introduction of the Genesis G90, Genesis has successively launched the G70, G80, GV70, and GV80. By 2020, the brand reached a significant milestone, achieving its first-ever annual global sales exceeding 100,000 units, with a total of 132,450 units sold.

Selling 201,415 in 2021 and 215,128 units in 2022, Genesis has demonstrated impressive growth, with a record 154,035 units sold up until the end of August this year.

The Genesis G80 is the best-selling model in the brands vehicle lineup since its introduction in 2016, with 390,738 units sold across the global market including Electrified G80 models.

Genesis first SUV, the GV80, and first mid-sized luxury SUV, the GV70, have recorded cumulative sales of 173,882 and 160,965 units, respectively, across the globe.

Pioneering the Global Market with a Competitive Lineup and Differentiated Customer Experiences

At the core of Genesis remarkable success lies its unwavering commitment to delivering unique customer experiences. This includes offering a comprehensive model lineup renowned for its best-in-class quality, creating original brand experience spaces, and providing meticulous customer care.

Guided by its distinctive design philosophy of Athletic Elegance, Genesis has introduced models that can be characterized by their audacious designs and outstanding performance.

Since introducing its first-ever vehicle, the G90, in 2015, Genesis has continually expanded its portfolio spanning sedans, SUVs, and electric vehicles. The current lineup includes ten models, comprising five sedans, two SUVs, and three electric vehicles, having expanded from four models in 2020. The brands strong lineup has paved the way for Genesis to enter 17 markets, including its home market of Korea, the United States, Canada, the Middle East, Australia, Europe, and China.

Genesis builds and operates an array of brand experience spaces in over 50 locations around the world, including Genesis House, Genesis Lounge, and Genesis Studios, which are designed to deliver the unparalleled distinction that sets the brand apart by offering luxurious experiences and services.

Through these brand experiences, Genesis offers customers the opportunity to explore various Genesis models, conveying the brands class and value by providing carefully curated vehicle selections.

The brand runs Genesis Gangnam, Genesis Suji, Genesis Studio Hanam, and Genesis Studio Anseong in Korea, as well as Genesis Studios in Australia, China, Germany, Switzerland, the United Kingdom, and the United States.

In November 2021, Genesis unveiled its first global brand cultural space, Genesis House, in Manhattan, New York. This unique space invites visitors to engage with displayed vehicles and immerse themselves in diverse cultural experiences that reinterpret Korean aesthetics and traditional values through a modern lens.

In January this year, the brand opened Genesis Lounge for Genesis G90 Long Wheel Base owners at The Shilla Hotel in the heart of Genesis hometown, Seoul. Genesis Lounge has been specially designed to deliver the heightened sensory experiences Genesis strives to present by offering gourmet experiences in the Dining Room and a chance to appreciate music in the dedicated Sound Room.

Genesis has garnered a series of accolades from prestigious global entities to cement its reputation as a reliable luxury brand.

In North America it has won a variety of MotorTrend Car and SUV of the Year, Car and Driver 10Best, and North American Car of the Year awards.

Genesis has also been recognized in the European market, winning various prestigious awards with its competitive models including German Premium Car of the Year 2023, Swiss Car of the Year 2023, and Best Electric SUV 2023 with the GV60 at the UKs What Car? Awards, as well as Auto Bilds Import Car of the Year 2022 with the Electrified GV70.

Furthermore, Genesis has bolstered its brand values by demonstrating an audacious commitment to golf, offering distinctive experiences and unique opportunities to players and fans alike while supporting player development.

Starting with Korean mens golf in 2016, it introduced the Genesis Point System for the first time in Korean golf tour history and has been the title sponsor of the Genesis Championship for seven years.

Globally, Genesis began to expand its golf sponsorship in 2017 by becoming the title sponsor of the PGA TOURs Genesis Open. In 2020, the Genesis Open was elevated to the Genesis Invitational, hosted by Tiger Woods, earning its place as one of the most prestigious events on the PGA TOUR.

Genesis also serves as title sponsor of the Genesis Scottish Open, co-sanctioned by the PGA TOUR and DP World Tour. Additionally, the brand serves as official vehicle sponsor for the Presidents Cup and the Abu Dhabi HSBC Championship, which both feature a series of mens golf matches between countries.

Electrification, Quality Product Lineup, and Brand Experience Spaces for Further Growth

Genesis continues its efforts to be a leading brand in the EV era in line with the electrification vision it announced in 2021.

From 2025, every new model Genesis introduces will be purely electric, backed by plans to diversify its manufacturing plants for electric cars to meet the expanding global demand for electrification.

To actively compete in North America, where EV competition is fierce, the brands electric vehicles with a new platform will be produced at the Hyundai Motor Group Metaplant America (HMGMA), a smart factory in the U.S. which will begin operation in 2025, along with theHyundai Motor Manufacturing Alabama (HMMA) plant where the electrified GV70 is currently produced.

For the mid-long term, Genesis plans to review more solutions for effective electric vehicle production in response to global demand, considering factors such as global strategies, regional government policies, and component infrastructure.

Along with its transition to a full EV lineup, the brand elaborates on plans for the goal of achieving carbon neutrality by striving for innovation in all value chains of the brand, including raw materials, parts, and production processes.

Genesis plans to add new vehicle models with best-in-class quality to its existing lineup as well. The new GV80 Coupe and updated GV80 will be launched this year, while a new model in an entirely new segment will also be added in the near future.

Genesis also aims to expand its dedicated brand experience spaces globally and provide original experiences for more customers to enjoy, based on its distinct approach to hospitality for Son-nim, or honored guests.

PlantESP Drives Control Station to Record Growth During 2022

Apr 12, 2023 | Business

 Control Station today announced record growth for the fiscal year ending December 31, 2022. A dramatic increase in licensing of the company’s PlantESP™ platform propelled the company to record full-year total income and profit. The strong financial performance reinforces Control Station’s position as the emergent leader in process analytics and optimization solutions.

The company’s total income increased year-over-year by 65.4% led by a 207.6% increase in revenues from licensing of PlantESP. While revenue from PlantESP-related services grew by a more modest 22.0%, unearned revenue associated with platform-related services swelled by over 400%. The increases in PlantESP licensing and related services were linked to multiple enterprise agreements with market-leading process manufacturers. PlantESP has been successfully deployed at production facilities operated by Top 10 Manufacturers within each of the Basic Materials, Chemicals, Food & Beverage, Pharmaceutical, and Pulp & Paper industries.

“We see growing evidence that the market for PID-related process analytics is on the rise,” remarked Rick Bontatibus, Control Station’s Vice President of Global Sales. “With the industry’s continued commitment to digital transformation, more and more manufacturers recognize the value of PlantESP and its ability to quickly convert their available process data into actionable intelligence.”

PlantESP has rapidly become the preferred solution for plant- and enterprise-wide control loop performance monitoring applications. Powered by a library of key performance indicators and equipped with advanced forensic tools, PlantESP proactively identifies issues that jeopardize production efficiency and throughput. As a platform-agnostic solution, PlantESP is uniquely positioned to support control environments that include content from multiple OEMs. Such environments are typical among large, multi-site manufacturers. PlantESP’s intuitive design and advanced analytical capabilities facilitate increases in throughput and quality and decreases in energy consumption and production-related waste.

“Addressing the market’s need for advanced analytics through product innovation remains a priority for us, and our recent introductions of state-based analytics and a REST API serve as cases in point,” shared Dennis Nash, the company’s President. “With these innovations PlantESP now empowers users to refine their analysis and capitalize on state-specific opportunities for improvement while allowing that same intelligence to be easily consumed by other centralized applications. Meaningful innovations like these drive growth.”

In addition to growth related to the company’s PlantESP platform, Control Station also saw a 38.2% year-over-year increase in revenue from licensing of its LOOP-PRO™ Product Suite. LOOP-PRO remains the only process modeling and PID controller tuning product proven to accurately model non-steady state data that is typical of industrial process control. The LOOP-PRO suite includes offerings that are private-labeled or referenced by leading OEMs, including Rockwell Automation and Yokogawa.

Control Station, Inc.
Dennis Nash
860-872-2920
www.controlstation.com

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  • Manufacturing

The UP Element i12 EDGE Drives a New Era in Industrial Robotics

Nov 8, 2022 | Business

 At the forefront of precision robotics engineering, AAEON has announced the UP Element i12 EDGE in what the company believes will be a key step in innovating the autonomous mobile robot (AMR) and industrial automation markets.

Combining the agile architecture of 12th Generation Intel® Core™ i3, i5, and i7 processor platforms with industrial-grade engineering, the UP Element i12 EDGE harnesses up to 10 cores and 12 threads, Intel® Iris® Xe graphics and a selection of peripheral technologies in a rugged, flexible, and easily deployed edge system.

AAEON believes the UP Element i12 EDGE will have a significant role to play in the AMR market. With three USB 3.2 and two USB 2.0 ports for multiple 3D cameras and sensors, along with a dual COM port pin header for RS-232/422/485 connectivity, the device is equipped with enhanced object detection capabilities and more accurate positional data via LiDAR and IMU connections.

Unlike many options in the current AMR landscape, the UP Element i12 EDGE is an industrial-grade solution with enhanced shock and vibration resistance, making it suitable for outdoor use. This is in addition to its reliable, efficient deployment via optional I/O cable locks, shock absorbers, and a phoenix connector.

Another benefit to AAEON customers comes from the system’s integration of the Intel® NUC 12 Compute Element, featuring an in-built trifecta of Wi-Fi/BT, 12th Generation Intel Core processors, and up to 32GB LPDDR5 system memory.

“We are thrilled to be collaborating with AAEON Technology, a leader in the industrial and embedded computing segments, on developing a modular solution for advanced robotics. The performance, modularity and scalability of our Intel NUC Element product family, combined with the quality and the design expertise of AAEON Technology, is providing our customers and developers with an exceptional robotics solution,” Brian McCarson, Vice President and General Manager of the Intel NUC Group said of the product’s potential.

It is estimated that the attributes offered by the Intel® NUC 12 Compute Element will reduce lead time for the UP Element i12 EDGE by 50%, giving the development community a more advanced, streamlined route to deploying market-leading AMR and industrial automation solutions for both indoor and outdoor settings.

For more information about the UP Element i12 EDGE, please visit their product page or contact an AAEON representative directly. To find out more about the benefits to modular computing and how it facilitates the development of flexible, integrated solutions, visit the Intel® NUC Compute Elements platform page.

About AAEON

Established in 1992, AAEON is one of the leading designers and manufacturers of industrial IoT and AI Edge solutions. With continual innovation as a core value, AAEON provides reliable, high-quality computing platforms including industrial motherboards and systems, rugged tablets, embedded AI Edge systems, uCPE network appliances, and LoRaWAN/WWAN solutions. AAEON provides industry-leading experience and knowledge to provide OEM/ODM services worldwide. AAEON also works closely with cities and governments to develop and deploy Smart City ecosystems, offering individual platforms and end-to-end solutions. AAEON works closely with premier chip designers to deliver stable, reliable platforms, and is recognized as a Titanium member of the Intel® Internet of Things Solutions Alliance. For an introduction to AAEON’s expansive line of products and services, visit www.aaeon.com.

AAEON Technology Inc.

John Bernard

+886 2 89191234 #1114

https://www.aaeon.com/en/

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Categories

  • Robotics

Japan – NEC Drives Expansion of All Optical Networks

Sep 15, 2022 | Business

NEC Corporation (TSE: 6701) is driving expansion of All Optical Networks with the introduction of its “SpectralWave WX Series,” a lineup of open specifications-compliant, open optical transport products. The lineup is built based on standards defined by Open ROADM and Telecom Infra Project’s (TIP) Phoenix initiative. The push for All Optical Networks is a marked shift in transport networks, which have conventionally required both optical and electrical technologies, but will be simplified to only optical transmission technology from end-to-end in the future. Initially, four products will be released on October 1, 2022.

Overview of the SpectralWave WX Series

NEC envisions All Optical Networks as a next-generation, environmentally friendly infrastructure that will lead to the realization of digital twins, social transformation and the creation of new services and industries. Through the provision of these products, NEC will help deploy transport networks with large capacity, low latency and multiple connections, as well as advanced security, robustness and power-saving.

Traditionally, transport networks have been built by equipment from the same vendor as vertical integration models. However, NEC’s new open optical transmission devices support multi-vendor configurations, allowing customers to procure and combine equipment from multiple vendors in accordance with their needs.

The compliance with open specifications such as Open ROADM and TIP’s Phoenix enable these devices to support configurations that connect to the function blocks of APN-T, APN-G and APN-I as defined by Open APN, and under examination by the IOWN Global Forum(1).

In addition, NEC has well-established experience and know-how in large-scale carrier networks to provide system integration in multi-vendor environments using open optical transmission devices from the development to the operational phases.

“NEC aims to market these products to telecommunications carriers, electric power companies and data center operators throughout the world,” said Sou Satou, Senior Director, Network Solutions Business Division, NEC Corporation. “Going forward, NEC will continue to contribute to the creation and expansion of open optical networks, aiming to acquire 25% of the future optical transport market by providing products that have grown in capacity from the current 400G to 800G and equipment that supports longer distances.”

These products were developed as part of a capital and business alliance formed between NEC and NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT, Head office: Chiyoda-ku Tokyo; President & CEO: Akira Shimada) in June 2020. Under the agreement, the companies conduct joint research and development and globally provide ICT products that utilize innovative optical and wireless technologies(2).

(1) Innovative Optical and Wireless Network (IOWN) is an advanced communications infrastructure incorporating cutting-edge photonics, computing and other technologies to realize a smarter world promoted by the IOWN Global Forum (new windowhttps://iowngf.org/).
IOWN is a trademark or registered trademark of NIPPON TELEGRAPH AND TELEPHONE CORPORATION
(2) Alliance for Joint Research and Development and Global Rollout of ICT Products Utilizing Innovative Optical and Wireless Technologies
https://www.nec.com/en/press/202006/global_20200625_04.html

About NEC Corporation

NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.

Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

How Circularity Drives Sustainable Innovation at Nike

Mar 11, 2022 | Business

WEBWIRE –



Like the athletes* it serves, Nike is always in pursuit of progress. And in our era of climate crisis, progress means creating products and methods that have less environmental impact, and eventually, no impact or even a positive impact — a circular future.


To make that future a reality, Nike’s circular vision is rooted in bold, science-based targets built on more than 30 years of exploring ways to reduce impact on the environment. This deep commitment to sustainability is driven by the belief that protecting the future of sport means no less than protecting the future of the planet.

Why a Circular System Is the Ultimate Challenge

Imagine an industrial value chain — that includes product design, materials, manufacturing, shipping, retail and product take-back — with no beginning or end. Waste is a main source for new materials, virgin materials are bio-based, and the manufacturing process itself creates zero carbon emissions. Product is created not only without impact on the environment, its creation uses waste that would have gone to a landfill. And every shoe, shirt, short and pant is designed with the future in mind, anticipating how it will be broken apart or transformed into something still valuable at the end of its useful life.


This is a true circular system, and it’s NIKE, Inc.’s long-term aim.


To get to that goal, the company views designing for circularity as the sum of many deliberate, interconnected choices. “By focusing on progress and not perfection and by making better choices, we embrace the chance to reconsider our craft in hope that it forms a groundswell of change,” says John Hoke, Nike Chief Design Officer.


That means sourcing better materials and rethinking design methods, manufacturing processes, and how Nike gets products back from athletes to refurbish or recycle them.


If it sounds overwhelming, it’s because it is. And even with an enterprise of 75,000-plus employees and global partners working together, Nike doesn’t have everything figured out yet. But it knows how to progress forward. “We are galvanizing and empowering everyone to make smarter changes, and we’re building diverse, inclusive teams to drive relentless innovation for athletes and the planet,” says Noel Kinder, Nike Chief Sustainability Officer. “That step-by-step, holistic approach is the key to keep moving toward a circular future,” says Kinder. “And the creative innovations it yields are in full swing.”

How a Circular Vision Transforms the CompanyWhat’s Next

“We’re constrained only by the pace that we and our industry can dream up materials to move us farther,” says Kinder. “How quickly can we develop additional alternatives to leather, alternatives to cotton? How can we work with our key supply-chain partners to create and mandate manufacturing methods that facilitate lower-carbon or lower-energy production? Right now, materials account for 70 percent of our carbon footprint. This is one of the reasons we’re investing heavily in the materials research and innovation space — we know it’s the single biggest unlock to us achieving our goals.”


Already, Nike has definitive numbers from its 2021 fiscal year to show its success: Recycled polyester now makes up 38 percent of Nike footwear’s total polyester usage, double what was used in the 2020 fiscal year; Nike recycled more than 55 percent of its manufacturing scrap across footwear and apparel, thanks to increased demand from local recycling markets and global Nike Grind customers; and the company donated more than 1 million items through its donation channels, double the number from 2020.


To be sure, there are real and myriad challenges to building a circular system and economy. Global logistics are a complex web. Recycling isn’t perfect. And consumers need accurate, easy-to-access information so they feel empowered about what circularity is and how they can contribute.


Still, Nike believes driving toward a truly circular system is its role and responsibility. With each stride, it builds the innovation and the operational and collaborative muscles needed to solve the challenges. Driven by the ingenuity and grit of Nike’s teams, the company is committed to keep moving toward this circular future.


*If you have a body, you’re an athlete. 




IMAGE CAPTION:


Inspiring a Planet-Protecting Ethos Move to Zero is NIKE, Inc.’s journey toward zero carbon and zero waste to help protect the future of sport. It’s foundational for realizing the company’s vision of circularity, and it works to both minimize the company’s environmental footprint as a business and maximize avenues for positive impact as a brand. Move to Zero includes commitments such as eliminating single-use plastics; investing in new material- development programs, which diverts an average of 1 billion plastic bottles annually from landfills and waterways (and helps to make beautiful football kits in the process); and creating renewable-energy-powered logistics centers, a journey that is both marathon and sprint.