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FractIt Revolutionizes Real Estate: Completes Pilot with Tokenization of Luxury Property on Blockchain

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FractIt, a pioneering blockchain platform, has successfully completed its Pilot program, tokenizing a prestigious 3BHK condo in Shimla’s Cliffton Valley valued at USD 235,000. Through Fractible (FNFT) tokens, FractIt offers investors easy access to real estate ownership combined with De-Fi benefits, breaking down traditional investment barriers. With plans to expand into North American cities like Toronto, Vancouver, and New York, FractIt aims to democratize real estate investment globally.

TORONTO, June 1, 2024 /PRNewswire-PRWeb/ — FractIt, a pioneering blockchain-based platform for fractional real-world asset ownership, proudly announces the successful completion of its Pilot. This achievement marks a significant step towards making real estate investment accessible, liquid, and diversified for investors worldwide.

“Completing our Pilot is a significant achievement for FractIt,” said Sunny Kumar, Founder and CEO of FractIt. “By tokenizing properties, we are breaking down the traditional barriers to real estate investment, making it more inclusive and flexible.”

FractIt offers fractional real estate ownership through Fractible (FNFT) tokens, which are fully backed by real-world assets. By bringing real estate on-chain, FractIt provides holders with both real estate and DeFi benefits, revolutionizing the traditional real estate investment landscape.

The Pilot involved the tokenization of a high-end 3BHK condo located in the prestigious Cliffton Valley in Shimla, Himachal Pradesh. The property, valued at USD 235,000, was successfully tokenized into 235 Fractables, each priced at USD 1,000. These tokens were sold to a private group of investors, ensuring compliance with all relevant regulations.

“Completing our Pilot is a significant achievement for FractIt,” said Sunny Kumar, Founder and CEO of FractIt. “By tokenizing real estate, we are breaking down the traditional barriers to property investment, making it more inclusive and flexible.”

Fractible holders will benefit from stable returns through rental yields and long-term capital appreciation of the physical asset. Each Fractible represents fractional ownership of the property, providing a tangible stake in real estate with the added liquidity and ease of blockchain technology.

“Our success with the Shimla property sets the stage for our upcoming launch in North American cities, including Toronto, Vancouver, and New York,” added Gagneet Kalsi, Co-Founder of FractIt. “We are excited to bring our innovative platform to a broader audience, and disrupt the way people invest in real estate.”

With the successful Pilot, FractIt is poised to expand its footprint, aiming to democratize real estate investment and integrate the benefits of DeFi for a global audience.

For more information about FractIt and its innovative real estate investment solutions, visit www.fractit.com or read our Litepaper at https://docs.fractit.com/.

About FractIt

FractIt is a cutting-edge blockchain platform that enables fractional ownership of real estate through tokenization. By converting real estate assets into Fractibles (FNFTs), FractIt makes property investment accessible, liquid, and diversified for investors worldwide.

Media Contact

Emma Daniels, Fractit Labs, 1 4379946699, hello@fractit.com, https://fractit.com

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Scispot Launches Location Manager, an AI-Powered Freezer Management App for Life Science Labs

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Life science labs can now locate critical samples in seconds instead of hours with Scispot’s Location Manager, featuring AI-powered search and digital freezer maps that virtually eliminate lost samples while ensuring regulatory compliance.

KITCHENER, ON, May 5, 2025 /PRNewswire-PRWeb/ — Scispot, the provider of an AI-powered super app for labs, today announced the launch of Location Manager, a new freezer management app that addresses the persistent challenges of laboratory sample storage and location tracking. This purpose-built solution helps scientists and lab operators to quickly find and track samples across storage environments, eliminating costly inefficiencies that waste thousands of lab hours annually.

“Before Scispot, locating samples meant hours digging through freezers. Now, I simply ask the system and instantly know where everything is. It has reduced our search time from 20 minutes to seconds, changing how our lab operates.” – Juan Luis Aráoz Martínez, Lab Operations Supervisor, Puna Bio

Location Manager combines AI capabilities with intuitive visual tools to transform sample tracking workflows. The system features a natural language interface, allowing lab personnel to locate samples by simply asking questions like “Where is sample ID 2025-00345?” instead of navigating traditional menu hierarchies. It also enables monitoring and Quality Control (QC) of samples via automated alerts. Interactive digital freezer maps provide a clear visualization of all storage types—including standard -20°C, ultra-low -80°C freezers, and liquid nitrogen tanks. Meanwhile, AI monitors reagent usage, predicts expiration dates, and recommends optimal storage setups.

The impact on laboratory operations is measurable, with early adopters reporting an 80% reduction in sample retrieval time and nearly eliminating lost samples. Location Manager automatically generates audit trails, capturing every sample movement and status update, seamlessly supporting Good Laboratory Practice (GLP), Good Manufacturing Practice (GMP), International Organization for Standardization (ISO), and Food and Drug Administration (FDA) compliance without manual record-keeping. Labs implementing Location Manager have eliminated error-prone spreadsheets and significantly reduced documentation workload, allowing scientists to focus on research priorities.

“Before Scispot, locating samples meant hours digging through freezers—often without success. Now, I simply ask the system and instantly know where everything is. It has reduced our search time from 20 minutes to seconds, completely changing how our lab operates.” – Juan Luis Aráoz Martínez, Laboratory Operations Supervisor, Puna Bio, a company developing microbe-based solutions for sustainable agriculture.

This solution establishes a digital foundation for physical storage infrastructure, positioning laboratories for future scalability. As life science organizations increasingly leverage AI for research and operations, Location Manager converts sample data into a searchable, analyzable asset rather than an inaccessible physical inventory. This approach aligns with the industry’s shift toward data-driven decision making, enabling labs to scale operations while maintaining precise sample traceability.

Looking ahead, Scispot plans to roll out additional AI Agents designed to tackle broader operational challenges in life science research, development, and production. The company continues to expand its AI platform, offering complementary agents for scientists, lab managers, and more. Future enhancements include deeper instrument integrations, advanced predictive analytics for experimental design, and new modules for real-time data analysis and multi-site inventory synchronization. These updates will further streamline lab workflows and enable seamless, data-driven operations by the end of 2025.

About Scispot

Scispot is the AI-powered super app transforming life science labs. Its unified platform consolidates all lab data, providing modular alternatives to traditional apps such as Electronic Lab Notebooks (ELN), Laboratory Information Management Systems (LIMS), Quality Management Systems (QMS), and Scientific Data Management Systems (SDMS). By making data instantly accessible and AI-ready, Scispot automates R&D and testing workflows through one-click integrations with scientific apps and instruments. This empowers labs to rapidly build customized data models and ontologies, accelerating innovation and enabling biotech companies to bring life science solutions to market faster.

Discover more at scispot.com

Media Contact

Dhananjay Pachori, Scispot, 1 4255004629, team@scispot.iohttps://www.scispot.com/

Twitter, LinkedIn

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Aircraft Battery Market to Reach $2,012.3 million, Globally, by 2033 at 14.5% CAGR: Allied Market Research

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The global aircraft battery market is expanding due to rise in demand for electric and hybrid aircraft, advancements in battery technology, increased air traffic, and growth in the adoption of lightweight, high-performance energy storage solutions.

WILMINGTON, Del., May 5, 2025 /PRNewswire/ — Allied Market Research published a report, titled, “Aircraft Battery Market by Battery Type (Lead Acid Battery, Nickel Cadmium Battery, Lithium-ion Battery, and Solid-State Battery), Aircraft Type (Fixed-Wing, Rotary-Wing, Unmanned Aerial Vehicles, and Advanced Air Mobility), Sales Channel (OEM and  Aftermarket), and Application (Auxiliary Power Unit, Emergency Power, Propulsion, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the aircraft battery market was valued at $531.9 million in 2023, and is estimated to reach $2012.3 million by 2033, growing at a CAGR of 14.5% from 2024 to 2033.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/5500 

Prime determinants of growth

The growth of the aircraft battery market is driven by increase in the adoption of electric and hybrid-electric aircraft is boosting demand for advanced battery technologies. Rising air traffic and the need for fuel-efficient solutions are also contributing to market expansion. In addition, advancements in lithium-ion and solid-state batteries are improving energy density, safety, and lifespan, making them more viable for aviation applications. Government initiatives supporting sustainable aviation and stricter environmental regulations further encourage the development of battery-powered aircraft. The expansion of unmanned aerial vehicles (UAVs) and modern avionics systems also plays a crucial role in market growth.

Report coverage & details:

 

Report Coverage

 

Details

 

Forecast Period

 

2024–2033

 

 

Base Year

 

2023

 

Market Size in 2023

$531.9 million

 

Market Size in 2034

 

$2012.3 million

 

CAGR

 

14.5 %

 

 

No. of Pages in Report

 

459

 

Segments Covered

 

Battery Type, Aircraft Type, Sales Channel, Application, and Region.

 

Drivers 

 

•         Rise in Demand for Electric and Hybrid-Electric Aircraft

•         Advancement in Battery Technology

•         Rise in Demand for Commercial and Military Aircraft

 

Opportunities

 

 

•         Development of Solid-state Batteries

•         Expansion of Electric and Hybrid Aircraft

 

Restraint

 

 

•         High Initial Costs

•         Limited Energy Density

Buy This Research Report (459 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/542f3c1136679e74ff96ee6cd2f659b1 

Impact of Russia-Ukraine War Scenario

On February 24, 2022, the RussiaUkraine war has significantly impacted the aircraft battery market by disrupting supply chains, increasing raw material costs, and creating market uncertainties. The conflict has led to shortages of essential battery components, such as lithium, nickel, and cobalt, as supply routes from affected regions have been restricted.Rise in geopolitical tensions have resulted in fluctuating fuel prices, prompting greater interest in alternative power sources, including advanced aircraft batteries. Defense budgets have shifted toward military applications, increasing demand for batteries in drones, surveillance aircraft, and other defense-related aviation systems. However, commercial aviation has faced slowdowns in certain regions due to economic instability, affecting overall market growth. These factors have reshaped the aircraft battery industry’s dynamics, emphasizing supply chain resilience and technological advancements.

The lithium-ion Battery segment to maintain its leadership status throughout the forecast period

On the basis of battery type, the lithium-ion battery vehicles segment held the highest market share in 2023, accounting for more than one-third of the global aircraft battery market revenue owing to its high energy density, lightweight properties, and longer cycle life compared to traditional lead-acid and nickel-cadmium batteries. These batteries offer improved power efficiency, faster charging, and better performance, making them ideal for modern aircraft, including electric and hybrid-electric models. However, the solid-state battery segment is projected to manifest the fastest CAGR of 18.2% from 2023 to 2033, due to its higher energy density, improved safety, longer lifespan, and growing adoption in electric aircraft, enhancing efficiency and reducing maintenance costs in aviation applications.

The fixed wing segment to maintain its leadership status throughout the forecast period

On the basis of aircraft type, the fixes wing segment held the highest market share in 2023, accounting for around two-fifths of the global aircraft battery market revenue owing to its high energy density, lightweight properties, and longer cycle life compared to traditional lead-acid and nickel-cadmium batteries. These batteries offer improved power efficiency, faster charging, and better performance, making them ideal for modern aircraft, including electric and hybrid-electric models. However, the advanced air mobility segment is projected to manifest the fastest CAGR of 18.1% from 2023 to 2033, due to rising investments in electric vertical takeoff and landing (eVTOL) aircraft, increasing urban air mobility demand, and the need for high-performance, lightweight, and energy-efficient battery systems.

The OEM segment to maintain its leadership status throughout the forecast period

On the basis of sales channel, the OEM segment held the highest market share in 2023, accounting for more than half of the global aircraft battery market revenue. This was primarily due to increased aircraft production, growth in the adoption of advanced battery technologies in new aircraft models, and strong partnerships between manufacturers and battery suppliers to ensure high-quality, reliable energy solutions. However, the aftermarket segment is projected to manifest the fastest CAGR of 15.0% from 2023 to 2033, due to the rise in demand for battery replacements, increase in aircraft fleet aging, frequent maintenance requirements, and advancements in battery technology, driving airlines and operators to upgrade existing battery systems.

The auxiliary power unit segment to maintain its leadership status throughout the forecast period

On the basis of application, the auxiliary power unit segment held the highest market share in 2023, accounting for more than one-third of the global aircraft battery market revenue. This was primarily due to increased aircraft production, growing adoption of advanced battery technologies in new aircraft models, and strong partnerships between manufacturers and battery suppliers to ensure high-quality, reliable energy solutions. However, the emergency power segment is projected to manifest the fastest CAGR of 17.5% from 2023 to 2033, This is due to the growing emphasis on aviation safety, increased regulatory requirements, and rising adoption of advanced backup power solutions for critical systems. 

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5500 

North America to maintain its dominance by 2032

On the basis of region, North America held the highest market share in terms of revenue in 2023, accounting for more than one-third of the global aircraft battery market revenue owing to strong aviation infrastructure, high defense spending, and the presence of major aircraft manufacturers. Increase in the adoption of electric aircraft, technological advancements, and strict regulatory standards have fueled demand for advanced aircraft batteries in the region.

However, Asia-Pacific is expected to witness the fastest CAGR of 16.9% from 2023 to 2033, due to rising air passenger traffic, increasing defense budgets, and expanding airline fleets. Growth in investments in electric aircraft, advancements in battery technology, and strong manufacturing capabilities have contributed to the region’s rapid market expansion.

Players: –

Concorde Battery CorporationTeledyne Technologies IncorporatedSaft Groupe SASGS Yuasa GroupHBL Power Systems LimitedAMETEK, Inc.Eagle-PicherBoeingAirbusEnerSys

The report provides a detailed analysis of these key players of the global aircraft battery market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Explore AMR’s Extensive ongoing Aerospace and Defence Domain:

Electronic Warfare Market Opportunity Analysis and Industry Forecast, 2021-2028Zero-Emission Aircraft Market Opportunity Analysis and Industry Forecast, 2030-2040Military Robots Market Opportunity Analysis and Industry Forecast, 2021-20305G in Aviation Market Opportunity Analysis and Industry Forecast, 2021-2030Missile Defense System Market Opportunity Analysis and Industry Forecast, 2021-2030Smart Weapons Market Opportunity Analysis and Industry Forecast, 2021-2030Unmanned Ground Vehicle Market Opportunity Analysis and Industry Forecast, 2021-2030Aerospace 3D Printing Market Opportunity Analysis and Industry Forecast, 2021-2030Airborne Fire Control Radar Market Opportunity Analysis and Industry Forecast, 2021-2030Navigation Satellite Systems Market Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.

Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.

Contact:

David Correa
United States
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Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
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Toll Free: +1-800-792-5285
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help@alliedmarketresearch.com
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Okuma America Corporation Announces Agreement with New Channel Partner in Brazil

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Welcomes Maquinas e Solucoes to the Okuma America’s Network 

CHARLOTTE, N.C., May 5, 2025 /PRNewswire/ — The leadership team at Okuma America Corporation, a global leader and single-source builder of computer numeric control (CNC) machine tools, controls and automation systems, is pleased to announce the addition of a new partner to distribute Okuma products and services in Brazil. Maquinas e Solucoes Servicos de Representacao e Manutencao de Equipamentos Ltda (M&S), a member of the Molgroup of companies, will begin serving Okuma customers and prospects in Brazil effective immediately.  

Several factors were considered by the Okuma leadership team when choosing M&S for Brazil, the most important of which was the common mission of both 100+ year old companies to provide high-quality, high-performance machine tools, automation systems and premium support to the expanding manufacturing industry throughout Brazil. Additionally, Okuma and Molinari, also a member of the Molgroup of companies, have enjoyed a 40+ year OEM-distributor partnership in other Latin American regions including Argentina and neighboring countries.   

Mr. Tim Thiessen, Senior Vice President of Sales & Marketing at Okuma America Corporation, expressed his excitement about the new partnership, “by partnering with Maquinas e Solucoes (M&S) in Brazil, we will be able to further strengthen our offering and value proposition for customers in Brazil. Customers in the region will now be supported by both M&S and Okuma Latino Americana, an Okuma affiliate office in the region.”   

About M&S and Molgroup
The Molgroup of companies is one of the oldest and largest machine tool distributors in Latin America, with service dating back to 1906. M&S, a division of the Molgroup, was launched 23 years ago. The Molgroup company has offices in Parque de las Ciencias, Free Trade Zone, Ruta 101, km 23.500, Platino Tower, Office 004, CP 14000, Canelones, Uruguay, and the newest M&S headquarters facility is located in Rua Coronel Orlando Secco 333, Mezanino, Bairro Tulipas, CEP 13212-795, Cidade Jundaí, Estado de San Pablo, Brazil. In addition to offering Machine Tools to our customers in the region, M&S & Molgroup also provide competitive solutions for automation, customized turnkey’s, and developed software applications.   

About Okuma America Corporation
Okuma America Corporation is the U.S.-based sales, engineering and service affiliate of Okuma Corporation, a world-leading builder of CNC (computer numeric control) machine tools, controls and automation systems. The company was founded in 1898 in Nagoya, Japan, and is the industry’s only single-source provider of CNC machines, drives, motors, encoders, spindles and automation systems, all manufactured by Okuma. The company designs its own CNC controls to integrate seamlessly with each machine tool’s functionality. In 2014 Okuma launched the Okuma App Store, the industry’s only centralized online marketplace for machine tool apps and related content. Along with its extensive distribution network (largest in the Americas), and Partners in Technology network of enhanced manufacturing technologies, Okuma is committed to helping users gain competitive advantage through the open possibilities of machine tools today and into the future. For more information, visit Okuma.com or follow us on Facebook, Instagram, LinkedIn and X.

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SOURCE Okuma America Corporation

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