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LG ACQUIRES ATHOM TO ADVANCE AI-ENABLED INTELLIGENT SPACE BUSINESS

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Company to Gain Deeper Insights Into Customers’ Lifestyle and Usage Patterns and Accelerate LG ThinQ AI Home Business

SEOUL, South Korea, July 8, 2024 /CNW/ — LG Electronics (LG) recently acquired an 80 percent stake in Athom, an industry-leading smart home platform company based in Enschede, Netherlands. The agreement includes plans to acquire the remaining 20 percent within the next three years. This strategic move aims to enhance LG’s connectivity within open smart home ecosystems. By integrating Athom’s capabilities with LG’s Affectionate Intelligence technology, LG aspires to lead the AI-driven home innovation era.

LG plans to integrate Athom’s extensive connectivity – which links thousands of appliances, sensors and lighting devices – with the generative AI-enabled LG ThinQ platform. This integration aims to create an AI home that delivers optimal space solutions by gaining a deeper understanding of the customer. In LG’s AI home, customers will engage with generative AI, which will manage appliances and IoT devices to create a personalized environment tailored to their preferences.

LG envisions expanding the differentiated customer experience of AI homes to various spaces where customers spend their time, such as commercial spaces and mobility environments, ultimately realizing and advancing the concept of ‘Intelligent Space.’

Athom is a technology company that sells the smart home hub ‘Homey,’ which connects with home appliances and IoT devices, and also offers cloud subscription services. Founded in 2014, ‘Homey’ has expanded primarily in Europe over the past decade, gaining a loyal customer base of hundreds of thousands of users. As of 2023, Homey devices are available in Australia, Singapore, the US and Canada, in addition to Europe. 

Athom has developed its own hub and OS to create an independent smart home ecosystem. Its flagship product, Homey Pro, can connect to more than 50,000 devices and supports various connection methods, including Wi-Fi, Bluetooth, Z-Wave, Matter and Thread, making it highly versatile and open.

The Homey App Store, managed by Athom, offers around 1,000 applications for connecting and controlling home devices from brands such as Philips Hue and IKEA. Many of these applications are based on official partnerships, alongside a large number of apps developed by the Homey community. This community of developers actively contributes to Athom’s open platform, continuously expanding the range of brands and devices that can be connected to the hub. Users can easily create a smart home environment by downloading apps from the store and linking their devices.

LG is poised to significantly enhance the scalability required for implementing AI homes, aiming to achieve the highest industry standards. This will be accomplished by integrating its LG ThinQ platform’s smart home technology with Athom’s open ecosystem and IoT device connectivity. The acquisition of Athom is particularly noteworthy, as it will enable LG to incorporate third-party devices and services into its ecosystem. This integration will provide LG with deeper insights into customer usage patterns and expedite the delivery of personalized services.

“The acquisition of Athom is a cornerstone for our AI home business,” said Jung Ki-hyun, executive vice president and head of LG’s Platform Business Center. “By leveraging the synergy between the two companies, we will expand our open ecosystem and external integration services, aiming to provide customers with more diverse and multidimensional space experiences.”

Even after the acquisition, Athom will continue to operate independently, maintaining its business operations and branding. This strategy is designed to maximize Athom’s growth potential and unique strengths while fostering synergies in business, research and development capabilities, and platform utilization.

LG’s introduction of the AI home, which integrates Athom’s open smart home platform with its own AI technology, underscores the company’s commitment to transitioning from a hardware-focused to a software-based platform business. In 2021, LG expanded its TV business from hardware to software by entering the TV platform market with its webOS platform. To support this shift, LG acquired Alphonso, a US-based global technology company specializing in television media, machine learning and big-data analytics. Alphonso now operates as LG Ad Solutions, a core component of the webOS content and service business.

LG aims to establish continuous relationships with customers through numerous devices connected to the AI home, ultimately transforming into a ‘Smart Life Solution Company’ that provides differentiated value.

According to market research firm TechNavio, the global smart home market is projected to grow from USD 81.2 billion in 2023 to USD 260.24 billion by 2028, with an average annual growth rate of 26.23 percent.

“LG is evolving into an intelligent space solutions company that connects and expands experiences in various living spaces. We will continue to make strategic investments to shift our business paradigm, as evidenced by our successive entries into platform-based appliance services and solutions such as the webOS advertising platform and AI home,” said William Cho, CEO of LG Electronics.

About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global revenue of over KRW 84 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-acquires-athom-to-advance-ai-enabled-intelligent-space-business-302191400.html

SOURCE LG Electronics

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Carbide Manufacturing Expert Carl Ciesla Shares How Beginners Can Build Strong Foundations in HelloNation

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SANBORN, N.Y., June 18, 2026 /PRNewswire/ — What does it take to get started in machining with the right foundation? In an article published by HelloNation, Carl Ciesla of Lakeshore Carbide in Sanborn, New York, explains how beginners can prepare for long-term success in the trade. He emphasizes that machining is more than operating equipment; it requires precision, problem-solving, and a solid grasp of both theory and practice.

Ciesla notes that learning to read blueprints and understand tolerances is one of the first steps for new machinists. These skills ensure that each part can be accurately produced and verified. Knowing how exact a measurement must be — and how to consistently meet that requirement — lays the foundation for quality work.

The article explains that hands-on practice with measurement tools is equally important. Micrometers, calipers, and indicators allow machinists to measure down to the thousandth of an inch. Mastering these tools ensures that accuracy begins at the bench, not just at the machine.

Ciesla highlights that tool geometry is another essential area of learning. The shape and angle of cutting flutes directly influence chip evacuation, tool engagement, and part quality. Beginners who understand these details gain an advantage when choosing and using carbide end mills and inserts for different jobs.

He also stresses the value of manual machining experience. By working with lathes and mills, apprentices develop an understanding of speeds, feeds, and tool angles. This manual training provides the background needed to troubleshoot effectively when transitioning to CNC machines.

The article points out that shops look for machinists who combine technical knowledge with practical skills. Those who understand both the “why” and the “how” are better equipped to solve problems and improve efficiency on the shop floor.

Ciesla emphasizes that machining is not a skill learned overnight. It is a lifelong craft shaped by curiosity, precision, and practice. Developing strong habits early on helps new machinists grow into experts who continuously refine their techniques.

The path into machining, according to Ciesla, is about more than learning machines. It is about cultivating craftsmanship, practicing patience, and building the mindset needed to succeed in a career defined by exacting standards and continuous improvement.

The article, Getting Started in Machining, shows how Carl Ciesla of Lakeshore Carbide offers practical guidance for those entering the field. His perspective in HelloNation outlines the key steps and habits that prepare new machinists for long-term success.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/carbide-manufacturing-expert-carl-ciesla-shares-how-beginners-can-build-strong-foundations-in-hellonation-302804920.html

SOURCE HelloNation

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Honest Medical CEO Responds to Medline Facility Fire, Confirms Inventory Secured for California Customers

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Following the devastating Medline distribution center fire in Tracy, CA, Honest Medical CEO Mike Greenan went on NBC News to confirm that inventory secured at alternative facilities will keep customer orders on track.

OCEANSIDE, Calif., June 18, 2026 /PRNewswire-PRWeb/ — Honest Medical (HonestMed.com), a fast-growing ecommerce site offering thousands of essential healthcare products, is assuring customers that the recent fire at a primary Medline distribution hub will not significantly impact the availability of critical medical supplies. Honest Medical CEO Mike Greenan addressed the public on NBC News to assure healthcare facilities and other customers that robust contingency plans are actively in place.

It’s great to get this commitment from Medline so that our customers in other regions don’t need to worry. There may be a minor logistical adjustment of one or two days, but that is the absolute extent of it.

Medline, which describes itself as the largest supplier of medical and surgical supplies in the world, manufactures thousands of medical supplies that are essential for both healthcare facilities and in-home caregivers. This fire impacted one of Medline’s largest distribution hubs, leaving many healthcare facilities in the San Francisco Bay Area and other parts of California concerned that critical supplies may be seriously delayed. The California Hospital Association, which represents close to 400 hospitals throughout the state, reported receiving many inquiries as a result of the fire, demonstrating the high level of concern.

Greenan was able to confirm that Honest Medical received firm assurances from Medline that inventory at other facilities – particularly a warehouse in Temecula, Southern California – have the resources to make sure pending orders are filled and that Northern California customers receive the supplies they need. Greenan said, “It’s great to get this commitment from Medline so that our customers in other regions don’t need to worry. There may be a minor logistical adjustment of one or two days, but that is the absolute extent of it.”

While Medline has not yet released an official timeline for rebuilding the damaged distribution hub, local authorities and industry experts emphasize that its strategic location makes a full restoration likely. In the interim, Honest Medical’s secondary supply channels remain fully operational to prevent any disruption to patient care.

Watch the report on the fire and Honest Medical CEO Mike Greenan’s comments here.

About Honest Medical

Honest Medical is a fast-growing ecommerce source for thousands of health and wellness products. Honest Medical empowers families, caregivers and institutions to shop across a broad range of essential healthcare products addressing critical issues such as mobility, nutrition, incontinence and more. In addition, the Honest Ideas blog offers helpful information and insights covering a range of topics relevant to those with disabilities, seniors, caregivers and loved ones. With its primary focus on customer satisfaction, HonestMed maintains a team of expert customer care specialists and offers its essential health and wellness products at affordable prices and with speedy delivery. Follow Honest Medical on Facebook and Instagram.

Media Contact

Jon Ramirez, Honest Medical, 1 833-933-2323, jon.ramirez@honestmed.com, www.honestmed.com

View original content to download multimedia:https://www.prweb.com/releases/honest-medical-ceo-responds-to-medline-facility-fire-confirms-inventory-secured-for-california-customers-302804793.html

SOURCE Honest Medical

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Advent Resources Expands Across Texas as Dealers Face Rising Fraud, Compliance Pressures, and Operational Complexity

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One connected platform helps Texas dealerships reduce risk, eliminate friction, and move deals faster.

FORT WORTH, Texas, June 18, 2026 /PRNewswire-PRWeb/ — Advent Resources is expanding its reach across Texas to help dealerships simplify and strengthen the car deal, as fraud, compliance, and disconnected technology continue to create operational challenges for automotive retailers.

Dealers are managing more systems, regulations, customer expectations, and risk. The answer isn’t adding more technology. It’s about creating one workflow, one source of truth, and one platform to run their entire sales department.

For over 30 years, Advent Resources has helped dealers streamline operations by bringing identity verification, deal structuring, lender approvals, contracting, compliance, and funding into a single connected platform.

Today, this goal is more important than ever.

“Dealers are managing more systems, regulations, customer expectations, and risk,” said Ben Gill, CEO of Advent Resources. “The answer isn’t adding more technology. It’s about creating one workflow, one source of truth, and one platform to run their entire sales department.”

Auto fraud continues to grow while dealerships face increasing pressure to maintain compliance, protect customer information, and improve operations.

Auto fraud losses are projected to exceed $9 billion annually.

45% of dealerships report losses between $10,000 – $20,000 from a single fraudulent transaction.

Many dealerships recover less than 50% of fraud-related losses once a deal has been funded.

At the same time, many stores still rely on multiple disconnected systems to complete a single transaction, creating duplicate work, wasted clicks and opportunities for expensive errors.

Advent addresses these challenges by connecting every stage of the deal into one workflow, helping dealerships:

Structure, approve, contract, and fund deals in one system

Reduce hundreds of unnecessary clicks and eliminate duplicate data entry

Verify customer identities and collect required documents in real time

Strengthen compliance through integrated audit trails and automated workflows

Improve profitability by accelerating deals and reducing delays

Maintain one consistent source of truth from lead to funded deal

What’s more, Advent provides advanced AI-powered identity verification to reveal potential fraud risks earlier in the sales process, before issues become costly problems.

“Fraud and compliance issues rarely show up early,” Gill said. “They happen after the fact, when a dealership is trying to unwind a bad deal. The best way to reduce risk is to mitigate it head on at the beginning of the process.”

Advent’s commitment to improving the dealership experience extends beyond the sales department and into the showroom with Advent Connect.

Designed for both customers and staff, Advent Connect guides shoppers through the entire purchase process – from vehicle selection and payment options to financing, protection products, compliance documents, and final delivery. With every step of the transaction in a single customer-facing experience, dealerships eliminate friction, improve transparency, and create a faster, more engaging purchase.

Advent’s workflow helps customers make informed decisions while ensuring every profit opportunity is optimized throughout the transaction. The result is a better experience for customers, greater efficiency for teams, higher profitability for the dealership, and a modern retail process built around collaboration, transparency, and speed.

About Advent Resources

Advent Resources provides software that powers the financial layer of the car deal. For more than 30 years, the company has supported thousands of dealerships across the United States, including many of the industry’s top-performing dealer groups. By bringing identity verification, deal structuring, lender approvals, contracting, compliance and funding into one system, its digital car deal platform, Advent Advantage, helps dealerships complete deals faster while reducing risk and improving operational efficiency.

For more information, visit www.adventresources.com.

Media Contact

Jennifer Lange, Advent Resources, 1 9494603408, jenniferl@adventresources.com, www.adventresources.com

View original content to download multimedia:https://www.prweb.com/releases/advent-resources-expands-across-texas-as-dealers-face-rising-fraud-compliance-pressures-and-operational-complexity-302804921.html

SOURCE Advent Resources

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