Lifeboat Foundation

Seattle healthcare startup KitoTech Medical faced a challenge at the outset of the COVID-19 pandemic. It was difficult to pitch the company’s microMend wound closure device to new hospitals and clinics, limiting the ability to grow its business.

So in response, KitoTech quickly pivoted and developed two new consumer-focused products — and the results have been “remarkable,” according to CEO Ron Berenson.

KitoTech just raised $3 million to help support its growth. The company is known for its microMend device, which was made from technology originally developed at the University of Washington. It uses tiny staples that poke into the skin on either side of a wound and is applied over a cut like a traditional butterfly bandage. The process is painless and can heal wounds up to three times faster than those closed with traditional sutures, according to the company.

Otto Aviation’s Celera 500L could carry six business passengers at 450 mph at around 20 miles per gallon thanks to a new high-efficiency piston engine.

A new space-aged propeller plane could overtake business jets at a fraction of the running costs.

Continue reading “New Luxury Prop Plane Boasts Speed of a Jet, Fuel Efficiency of a Car And Fraction of Costs” »

For the past 70 years, most of humanity’s rockets have been chemical rockets- with either liquid or solid fuel. However, it may be possible for future rockets to use different fuel sources.

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Move.ai can use artificial intelligence to capture a 3D representation of an actor in a process known as motion capture. But it doesn’t need actors in Lycra suits with lots of white balls attached to them. And it enables game companies to do motion capture in a remote way during the pandemic.

That’s an important technological advancement, because the hassles of motion-capture systems have led to a stall in production for both movie makers and video game companies. Move.ai hopes to fix that with “markerless” motion capture that can lower the costs and hassles of doing the work.

The technology comes from a London company that started out capturing the images of sports athletes and turning them into digital animated objects. But the pandemic hobbled that business with the closing of physical sports events. Luckily, games need better realism to give players total immersion and engagement in an alternate reality, and that means that they need motion capture.

Given all the changes Vladimir Putin is making in these days in the Russian constitutional order, ones that legalize the presidentialist dictatorship he has already created, many may have failed to notice that a law he signed restoring a key feature of the GULAG, the use of convicts as slave laborers, went into effect on January 1.

And while some may be inclined to dismiss this as nothing more than the nearly universal practice of using prisoners to produce things like license plates and road signs as in the United States, it is already taking shape as something worse and more ominous with Russian businessmen calling for setting up forced labor camps in parts of the country.

The law discussed, passed and signed by Putin last year calls for creating two kinds of labor camps: entire colonies where inmates will be put to work either for the state or for businesses on a contract basis and special “correction centers” attached to business sites.

MUST-WATCH video of a rocket launch as seen from the International Space Station. You can track the tiny spot rising into the darkness as if it’s an animated cartoon. But it’s REAL. Hopefully, it will soon be just one of the flights in the regular commuter network between the planets, a future #Asgardia seeks to make true as soon as possible.\n(Credit: NASA, ISS, Riccardo Rossi (ISAA))\n\nYou can make it happen sooner by sharing your ideas and joining #TheFirstSpaceNation’s Business Partnership Program!

The Federal Communications Commission (FCC) granted OneWeb ‘s market access to expand its Non-Geostationary Orbit (NGSO) satellite constellation to 2,000 satellites with a V-band payload in addition to its Ku- and Ka-band constellation. OneWeb petitioned to add a V-band payload to the 720 satellite Ku- and Ka-band constellation approved by the FCC in 2017, proposing 1,280 additional V-band satellites operating at a nominal altitude of 8,500 km.

According to the FCC order, OneWeb must launch and operate 50% of the maximum number of proposed space stations, or 1,000 satellites, by Aug. 26, 2026. The remaining satellites must be launched and operated by Aug. 26, 2029. OneWeb currently has 74 satellites in Low-Earth Orbit (LEO).

“We are pleased to hear the FCC granted our V-Band application. The V-band is critical for next generation satellite broadband services. OneWeb looks forward to the future growth opportunities this approval will enable as we commercialize our spectrum and execute on our mission to bring low latency connectivity to communities, governments, businesses, and people in the U.S. and around the world,” a OneWeb spokesperson said Wednesday.

The business part of the expo is interesting as well. Army-2020 includes a record number of participating defense companies, which are showcasing over 28,000 products. The Russian Defense Ministry announced it has 39 contracts worth $15.6 billion ready to be signed during the forum. Participants are hunting for other potential buyers.

Army-2020, the annual defense expo where Russian arms producers show their gear to foreign clients and visitors, has started. Contracts worth billions are expected to be inked between tank races and other entertainment.

Continue reading “Roaring tanks, fast-sailing cars, big bucks: Visitors flow to annual military expo near Moscow for brand new equipment & gear show” »

It has never been more important for businesses to optimize and streamline their business processes. In this article, we look at how Artificial Intelligence (AI) can help with that.