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Global Food Automation Strategic Industry Report 2024: Market to Reach $19.5 Billion by 2030 – Upgrading Food Automation Using Artificial Intelligence

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DUBLIN, Feb. 20, 2024 /PRNewswire/ — The “Food Automation – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Food Automation Market to Reach $19.5 Billion by 2030

The global market for Food Automation estimated at US$11.7 Billion in the year 2022, is projected to reach a revised size of US$19.5 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. Motors & Generators, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$7.8 Billion by the end of the analysis period. Growth in the Discrete Controllers & Visualization segment is estimated at 7.4% CAGR for the next 8-year period.

The global economic landscape is undergoing significant shifts as the world transitions to an endemic COVID-19 strategy, focusing on a multilateral approach to managing future pandemics. 

In this competitive landscape, 118 players worldwide exhibit varying degrees of market presence, ranging from strong to niche. Recent market activity reflects a growing focus on technological innovations and product advancements to meet evolving consumer demands and industry standards.

As the food automation market continues to evolve, influencer insights and technological advancements will play a crucial role in shaping the future of the industry. With automation poised to transform the food and beverage sector, stakeholders must stay abreast of market trends and developments to capitalize on emerging opportunities and navigate competitive pressures effectively.

 The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 8.7% CAGR

Amid these economic dynamics, the food automation market is gaining momentum, driven by the need for efficiency and safety in the food and beverage sector. Automation, particularly in the beverage sector, is experiencing significant growth, with Asia-Pacific emerging as a key driver of market demand.

The Food Automation market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.8 Billion by the year 2030.

MARKET TRENDS & DRIVERS

Rising Food Needs of an Expanding Global Population Turns Focus onto Food AutomationAccelerating Pace of Digital Transformation to Benefit Food AutomationThe Unstoppable Rise of Robotics Provides the Cornerstone for Growth in the MarketTechnological Advancements in the Food Robotic Technology MarketUpgrading Food Automation Using Artificial IntelligenceArtificial Intelligence for Product Sorting and Food ProcessingArtificial Intelligence for Food Waste ManagementArtificial Intelligence in LogisticsAI-Powered New Product DevelopmentArtificial Intelligence for Food SafetyIncreasing Demand for Processed Foods Presents Opportunities for Food AutomationUse of Computer Vision and Hyperspectral Imaging Witnesses a SurgeGrowing Integration of Internet of Things Streamlining Food Processing ProcessPopularity of Robotics and Automated Production Lines Witness a Robust IncreaseAdvent of 3D Food Printing Technologies Enhance Product QualityUse of Automated Technologies for Post-Processing Handling and Packaging Gains MomentumRising Investments in Industry 4.0 to Spur Opportunities for Food AutomationRising Adoption of Automation in Fruit and Vegetable PackagingIncreased Uptake of ERP Facilitates Adoption5G Opens Up Exciting Playbook of Robotic ApplicationsIncreasing Incidence of Foodborne Diseases to Drive Market DemandGrowing Automation in Restaurants Propels Market ExpansionAI Robots in Agriculture: Developments in AI, Machine Vision & Machine Learning Remain Critical to Commercialization & GrowthGlobal Labor Shortages to Spur Market Demand for Food AutomationContracting Agricultural Labor Drives Demand for Robots and Autonomous Farm EquipmentRising Automation in the Fast Food Sector Spurs Market Growth

FOCUS ON SELECT PLAYERS (Total 118 Featured)

ABB Ltd.Emerson Electric CompanyFortive CorporationGEA Group AGMitsubishi Electric CorporationRexnord CorporationRockwell Automation, Inc.Schneider Electric SASiemens AGYaskawa Electric CorporationYokogawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/j0lhtk

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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PINTEC TO HOLD EXTRAORDINARY GENERAL MEETING ON JUNE 13, 2025

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BEIJING, May 9, 2025 /PRNewswire/ — Pintec Technology Holdings Limited (NASDAQ: PT) (“Pintec” or the “Company”), a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China, today announced that the Company will hold its extraordinary general meeting of shareholders (the “EGM”) at 4/F, Vanke Times Center, Chaoyang Road, Chaoyang District, Beijing, the People’s Republic of China on June 13, 2025 at 10:00 a.m., Beijing time.

Holders of record of Class A ordinary shares and Class B ordinary shares of the Company at the close of business on May 13, 2025, Beijing time, are entitled to attend and vote at the EGM and any adjourned or postponed meeting thereof. Holders of record of ADSs as of the close of business on May 13, 2025, New York time, who wish to exercise their voting rights representing the underlying Class A ordinary shares will be able to directly instruct The Bank of New York Mellon (the “Depositary”) if ADSs are held directly by holders on the books and records of the Depositary, or indirectly through a bank, brokerage or other securities intermediary if the ADSs are held by any of them on behalf of holders, as to how to vote the Class A ordinary shares represented by such ADSs at the EGM.

The Notice of EGM, form of proxy card for the EGM and voting card for ADS holders are available on the Company’s website at https://ir.pintec.com/

About Pintec

Pintec is a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China. It connects business partners and financial partners on its open platform and enables them to provide financial services to end users efficiently and effectively. Pintec empowers its business partners by providing them with the capability to add a financing option to their product offerings. It helps its financial partners adapt to the new digital economy by enabling them to access the online population that they could not otherwise reach efficiently or effectively. Pintec continues to deliver exceptional digitization services, diversified financial products, and best-in-class solutions with innovative technology, to solidify its relationship with its business partners and satisfy its clients’ needs. Pintec currently holds internet micro lending license, fund distribution license, insurance brokerage license and enterprise credit investigation license in China. For more information, please visit ir.pintec.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Among other things, the quotations from management in this announcement, as well as Pintec’s strategic and operational plans, contain forward-looking statements. Pintec may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, the Company’s limited operating history, regulatory uncertainties relating to the markets and industries where the Company operates, and the need to further diversify its financial partners, the Company’s reliance on a limited number of business partners, the impact of current or future PRC laws or regulations on wealth management financial products, and the Company’s ability to meet the standards necessary to maintain the listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

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SOURCE Pintec Technology Holdings Limited

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QVC Honors Elton John with Inaugural Icon Award

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Legendary Artist, Elton John, Recognized for QVC’s Exceptional Retail Innovation in Home Fragrance

WEST CHESTER, Pa., May 9, 2025 /PRNewswire/ — QVC®, a live social shopping brand, announced that legendary musician, humanitarian, and retail innovator Elton John will be honored with QVC’s first-ever Icon Award. This award is to recognize his exceptional impact on the world of home fragrance and his innovative collaboration with Slatkin + Co.

The QVC Icon Award was established to celebrate individuals who have made extraordinary contributions to the QVC community through innovation, creativity, and a commitment to excellence that aligns with QVC’s core values. Elton’s business partner and friend, Harry Slatkin of Slatkin + Co., nominated him for this award that recognizes trailblazers whose vision and talent have transformed product experiences.

Elton John’s unique ability to connect with our customers and bring his creative vision to life through our platform has resulted in the kind of success that is as remarkable as he is,” said Mara Sirhal, Chief Merchandising Officer, QVC and HSN. “The QVC Icon Award celebrates not only his achievements in retail, but his ability to bridge the worlds of entertainment and commerce in a way that resonates with, and is appreciated by, our QVC customer.”

The award follows Elton’s remarkable success with QVC, which includes a high performance for his Today’s Special Value (TSV) offer and standout sales across his collection.. “You had an amazing launch,” noted Harry Slatkin, founder of Slatkin + Co., during a recent interview. “Over 5 billion views, and we sold 350,000 candles, it was a tremendous day.”

“This is a fantastic honor,” replied Elton. “I usually receive awards for my music; so, this is genuinely a first for me. It was such a pleasure putting this collection together and creating such sensational scents for everyone to enjoy.”

Elton John’s second collection with Slatkin + Co. is available exclusively on QVC here.

About QVC

QVC® empowers shoppers with knowledge and shares insights in a lively and engaging way. QVC offers an ever-changing collection of familiar brands and fresh new products – from home and fashion to beauty, electronics and jewelry – and connects shoppers to interesting personalities, engaging stories and award-winning customer service. Worldwide, QVC reaches more than 200 million homes via 13 TV channels, which are widely available on cable/satellite TV, free over-the-air TV, and FAST and other digital livestreaming TV. The retailer also reaches millions of customers via its QVC+ and HSN+ streaming experience, Facebook, Instagram, TikTok, YouTube, Pinterest, websites and mobile apps. Based in West Chester, Pa., and founded in 1986, QVC has retail operations in the U.S., the U.K., Germany, Japan and Italy. To learn more, visit corporate.qvc.com, follow @QVC on Facebook, Instagram or X, or follow QVC on Pinterest, YouTube or LinkedIn

QVC Group, Inc. (NASDAQ: QVCGA, QVCGB, QVCGP) is a Fortune 500 company with six leading retail brands – QVC, HSN®, Ballard Designs®, Frontgate®, Garnet Hill® and Grandin Road® – and other minority interests. QVC Group is a live social shopping company that redefines the shopping experience through video-driven commerce on every screen, from smartphones and tablets to laptops and TVs. For more information, visit qvcgrp.com or follow QVC Group on YouTube or LinkedIn.

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SOURCE QVC

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Nauticus Robotics Announces Timing of 2025 First Quarter Investor Earnings Conference Call

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HOUSTON, May 9, 2025 /PRNewswire/ — Nauticus Robotics, Inc. (“Nauticus” or “Company”) (NASDAQ: KITT) today announced the Company’s schedule for conducting its first quarter financial and operating results call for the period ended March 31, 2025. 

The Company plans to host an earnings conference call on May 15, 2025 at 10:00 am Central Time.

To participate in the earnings conference call, participants should dial toll free at +1-800-549-8228, conference ID: 78839, or access the listen-only webcast at the following link: https://events.q4inc.com/attendee/167622035.

About Nauticus Robotics

Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company’s business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus’ approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus’ services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Act”), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus’ products; estimated operating results and use of cash; and Nauticus’ use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends,” or “continue” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus’ management’s current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”) for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in documents filed from time to time with the SEC, including Nauticus’ Annual Report on Form 10-K filed with the SEC on April 15,2025. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

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SOURCE Nauticus Robotics, Inc.

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